Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $30.00 Average PT from Analysts

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $30.00.

Several analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $31.00 price objective on shares of Reynolds Consumer Products in a research note on Wednesday, March 20th. Canaccord Genuity Group raised their price objective on Reynolds Consumer Products from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 target price on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Finally, Barclays raised their price target on shares of Reynolds Consumer Products from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $28.84 on Tuesday. Reynolds Consumer Products has a 52 week low of $24.80 and a 52 week high of $30.54. The company has a current ratio of 2.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.92. The stock has a market cap of $6.06 billion, a P/E ratio of 18.37 and a beta of 0.48. The stock has a 50 day moving average of $28.52 and a 200-day moving average of $28.14.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $833.00 million for the quarter, compared to the consensus estimate of $814.92 million. Reynolds Consumer Products had a net margin of 8.88% and a return on equity of 17.09%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts expect that Reynolds Consumer Products will post 1.67 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, May 16th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.

Institutional Trading of Reynolds Consumer Products

Several hedge funds have recently bought and sold shares of REYN. Park Avenue Securities LLC grew its position in Reynolds Consumer Products by 2.8% in the 1st quarter. Park Avenue Securities LLC now owns 12,959 shares of the company’s stock worth $370,000 after purchasing an additional 359 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in Reynolds Consumer Products by 2.5% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 17,225 shares of the company’s stock valued at $462,000 after acquiring an additional 416 shares during the period. Ariel Investments LLC raised its stake in Reynolds Consumer Products by 7.0% during the 1st quarter. Ariel Investments LLC now owns 7,136 shares of the company’s stock valued at $204,000 after acquiring an additional 466 shares in the last quarter. Covestor Ltd raised its stake in Reynolds Consumer Products by 15.8% during the 1st quarter. Covestor Ltd now owns 3,520 shares of the company’s stock valued at $101,000 after acquiring an additional 480 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Reynolds Consumer Products by 26.9% in the fourth quarter. Parallel Advisors LLC now owns 2,288 shares of the company’s stock worth $61,000 after purchasing an additional 485 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

About Reynolds Consumer Products

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.