UBS Group Cuts Reynolds Consumer Products (NASDAQ:REYN) Price Target to $25.00

Reynolds Consumer Products (NASDAQ:REYN) had its price objective trimmed by UBS Group from $26.00 to $25.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on REYN. Canaccord Genuity Group raised their price target on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, Zacks Research cut shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.63.

Reynolds Consumer Products Stock Performance

Shares of REYN opened at $23.93 on Wednesday. Reynolds Consumer Products has a 12-month low of $20.91 and a 12-month high of $28.22. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.03 billion, a PE ratio of 16.39 and a beta of 0.57. The stock has a 50-day moving average price of $23.96 and a 200-day moving average price of $23.38.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The business had revenue of $931.00 million for the quarter, compared to the consensus estimate of $900.12 million. During the same period last year, the firm posted $0.41 earnings per share. Reynolds Consumer Products’s quarterly revenue was up 2.3% on a year-over-year basis. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. As a group, equities analysts forecast that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.23 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.8%. Reynolds Consumer Products’s payout ratio is presently 63.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its position in Reynolds Consumer Products by 9.4% during the 3rd quarter. Blue Trust Inc. now owns 5,355 shares of the company’s stock valued at $131,000 after purchasing an additional 462 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Reynolds Consumer Products by 40.8% during the second quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock valued at $34,000 after buying an additional 464 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Reynolds Consumer Products by 1.6% during the second quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after acquiring an additional 516 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Reynolds Consumer Products by 2.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,599 shares of the company’s stock worth $441,000 after acquiring an additional 523 shares during the period. Finally, Hunter Perkins Capital Management LLC lifted its stake in Reynolds Consumer Products by 1.2% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock worth $1,195,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors 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.