Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $32.17 Consensus Target Price from Brokerages

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given an average rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.17.

Separately, Barclays dropped their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 7,207 shares of Reynolds Consumer Products stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $27.25 per share, with a total value of $196,390.75. Following the completion of the transaction, the director now owns 7,207 shares in the company, valued at approximately $196,390.75. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Helen Golding bought 1,190 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 12,079 shares of company stock worth $330,466. 0.20% of the stock is owned by company insiders.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors have recently added to or reduced their stakes in REYN. ARGA Investment Management LP bought a new position in shares of Reynolds Consumer Products during the 3rd quarter valued at $751,000. Sei Investments Co. raised its holdings in Reynolds Consumer Products by 18.5% during the second quarter. Sei Investments Co. now owns 612,775 shares of the company’s stock valued at $17,146,000 after buying an additional 95,469 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Reynolds Consumer Products by 48.6% in the second quarter. Pacer Advisors Inc. now owns 3,890,109 shares of the company’s stock worth $108,845,000 after buying an additional 1,272,353 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Reynolds Consumer Products by 62.5% during the 2nd quarter. Acadian Asset Management LLC now owns 345,696 shares of the company’s stock worth $9,662,000 after acquiring an additional 133,002 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company’s stock valued at $1,963,000 after acquiring an additional 40,075 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Up 0.5 %

NASDAQ REYN opened at $26.49 on Friday. Reynolds Consumer Products has a 12 month low of $25.88 and a 12 month high of $32.65. The company has a market capitalization of $5.57 billion, a P/E ratio of 15.14 and a beta of 0.50. The company’s 50 day simple moving average is $27.43 and its 200 day simple moving average is $28.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. Reynolds Consumer Products’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts expect that Reynolds Consumer Products will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.47%. Reynolds Consumer Products’s dividend payout ratio is 52.57%.

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.