Reynolds Consumer Products (NASDAQ:REYN) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Reynolds Consumer Products (NASDAQ:REYN) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Canaccord Genuity Group decreased their price objective on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, January 26th. Royal Bank Of Canada lowered their price objective on Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Finally, UBS Group lifted their target price on Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.43.

Reynolds Consumer Products Price Performance

Shares of REYN opened at $23.30 on Wednesday. The company’s 50-day moving average is $23.53 and its 200-day moving average is $23.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.93 and a quick ratio of 0.92. The firm has a market capitalization of $4.90 billion, a PE ratio of 16.18 and a beta of 0.57. Reynolds Consumer Products has a fifty-two week low of $20.91 and a fifty-two week high of $26.25.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Reynolds Consumer Products had a net margin of 8.09% and a return on equity of 15.86%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. Equities analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.92 annualized dividend and a yield of 3.9%. Reynolds Consumer Products’s payout ratio is currently 63.89%.

Institutional Trading of Reynolds Consumer Products

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Reynolds Consumer Products by 1.9% in the first quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after purchasing an additional 1,720 shares in the last quarter. Millennium Management LLC increased its holdings in Reynolds Consumer Products by 11.3% in the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after buying an additional 60,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Reynolds Consumer Products by 60.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after buying an additional 83,633 shares during the period. Jane Street Group LLC raised its position in shares of Reynolds Consumer Products by 488.4% in the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after buying an additional 104,357 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Reynolds Consumer Products by 1,154.6% during the 2nd quarter. Blue Trust Inc. now owns 4,893 shares of the company’s stock worth $105,000 after acquiring an additional 4,503 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.