Brokerages Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Price Target at $30.86

Reynolds Consumer Products Inc. (NASDAQ:REYN) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.86.

REYN has been the topic of several recent analyst reports. UBS Group lowered their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their target price on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Helen Golding bought 1,190 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the purchase, the director now directly owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rolf Stangl purchased 3,682 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the purchase, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. The trade was a 51.09 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REYN. Allspring Global Investments Holdings LLC grew its position in Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after acquiring an additional 182,353 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Reynolds Consumer Products by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock valued at $17,816,000 after buying an additional 6,065 shares during the period. Verition Fund Management LLC acquired a new position in shares of Reynolds Consumer Products in the third quarter valued at approximately $12,844,000. Olstein Capital Management L.P. boosted its position in Reynolds Consumer Products by 43.3% during the 4th quarter. Olstein Capital Management L.P. now owns 237,000 shares of the company’s stock worth $6,397,000 after buying an additional 71,624 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in Reynolds Consumer Products during the 3rd quarter worth approximately $5,731,000. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

Shares of REYN opened at $27.61 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Reynolds Consumer Products has a 12 month low of $25.88 and a 12 month high of $32.65. The firm has a fifty day simple moving average of $27.34 and a 200 day simple moving average of $28.79. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The company had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.33%. Reynolds Consumer Products’s payout ratio is presently 52.57%.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.