Reynolds Consumer Products (NASDAQ:REYN) Reaches New 52-Week High – Still a Buy?

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) hit a new 52-week high on Wednesday . The stock traded as high as $27.21 and last traded at $27.1950, with a volume of 177584 shares. The stock had previously closed at $26.85.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Royal Bank Of Canada set a $24.00 price target on Reynolds Consumer Products and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Finally, Barclays cut their price objective on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average price target of $23.60.

Reynolds Consumer Products Trading Up 0.8%

The firm has a fifty day moving average of $22.49 and a 200 day moving average of $22.76. The firm has a market capitalization of $5.70 billion, a PE ratio of 17.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The company had revenue of $877.00 million for the quarter, compared to analyst estimates of $822.42 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. Equities research analysts expect that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.23 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Reynolds Consumer Products’s payout ratio is currently 58.60%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Fieldview Capital Management LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter worth $1,436,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Reynolds Consumer Products in the 4th quarter valued at about $1,730,000. Vanguard Group Inc. lifted its position in shares of Reynolds Consumer Products by 4.8% during the third quarter. Vanguard Group Inc. now owns 6,197,729 shares of the company’s stock worth $151,658,000 after purchasing an additional 284,643 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new position in Reynolds Consumer Products in the third quarter worth about $1,150,000. Finally, SG Americas Securities LLC increased its holdings in Reynolds Consumer Products by 1,210.2% in the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after buying an additional 1,352,881 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.