Brokerages Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Price Target at $26.75

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.75.

Several research firms recently issued reports on REYN. Canaccord Genuity Group lifted their price objective on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday. Barclays lifted their price objective on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. UBS Group lifted their price objective on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Royal Bank Of Canada lifted their price objective on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday.

Reynolds Consumer Products Trading Down 4.4%

Shares of NASDAQ:REYN opened at $24.44 on Friday. The firm has a fifty day moving average of $23.58 and a two-hundred day moving average of $22.77. The firm has a market capitalization of $5.14 billion, a P/E ratio of 16.74 and a beta of 0.58. Reynolds Consumer Products has a 12-month low of $20.91 and a 12-month high of $28.66. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) 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 company had revenue of $931.00 million during the quarter, compared to analyst estimates of $900.12 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter 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. Q4 2025 guidance at 0.520-0.560 EPS. On average, equities analysts expect that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 14th. Reynolds Consumer Products’s payout ratio is presently 63.01%.

Insiders Place Their Bets

In other news, Director Duncan Hawkesby bought 159,506 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was purchased at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the transaction, the director directly owned 334,092 shares in the company, valued at approximately $7,680,775.08. The trade was a 91.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have acquired 231,092 shares of company stock worth $5,316,902. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter worth $33,000. First Horizon Advisors Inc. lifted its position in Reynolds Consumer Products by 40.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares during the last quarter. GAMMA Investing LLC lifted its position in Reynolds Consumer Products by 231.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $60,000 after acquiring an additional 1,966 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Reynolds Consumer Products by 14,434.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,343 shares of the company’s stock worth $72,000 after acquiring an additional 3,320 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Reynolds Consumer Products by 1,995.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,395 shares of the company’s stock worth $73,000 after acquiring an additional 3,233 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 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.