Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock Has Consensus Target Price of $25.20

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.20.

Several brokerages recently commented on REYN. JPMorgan Chase & Co. lifted their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group increased their price target on shares of Reynolds Consumer Products from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, November 5th. Canaccord Genuity Group raised their price target on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Piper Sandler upgraded shares of Reynolds Consumer Products to an “overweight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, September 25th.

Reynolds Consumer Products Price Performance

REYN opened at $24.50 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $22.72 and its 200 day simple moving average is $23.25. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 14.77 and a beta of 0.56. Reynolds Consumer Products has a 1 year low of $20.44 and a 1 year high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $944.00 million during the quarter, compared to the consensus estimate of $939.23 million. Reynolds Consumer Products had a return on equity of 15.55% and a net margin of 8.53%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, analysts predict that Reynolds Consumer Products will post 1.60 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, November 16th. Reynolds Consumer Products’s payout ratio is currently 60.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Reynolds Consumer Products in the 2nd quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new stake in Reynolds Consumer Products in the second quarter worth $34,000. Signaturefd LLC lifted its stake in Reynolds Consumer Products by 120.3% in the third quarter. Signaturefd LLC now owns 1,776 shares of the company’s stock worth $38,000 after acquiring an additional 970 shares during the period. Allworth Financial LP bought a new stake in Reynolds Consumer Products in the second quarter valued at $39,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Reynolds Consumer Products by 119.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock valued at $41,000 after acquiring an additional 978 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

About Reynolds Consumer Products

Reynolds Consumer Products manufactures and markets household products used for food preparation and storage, waste management, and foodservice. Its portfolio includes aluminum foil, parchment paper, baking products, food-storage bags and containers, trash bags, and disposable tableware. The company sells products under brands including Reynolds, Hefty, and Presto, as well as through private-label offerings. Its products are primarily sold in the United States and Canada through retailers and other distribution channels.