Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Average Rating of “Hold” by Analysts

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $32.17.

Separately, Barclays cut their price objective on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st.

Reynolds Consumer Products Trading Down 1.5 %

Shares of REYN stock opened at $26.09 on Friday. Reynolds Consumer Products has a 1 year low of $25.88 and a 1 year high of $32.65. The firm has a fifty day moving average price of $27.40 and a 200-day moving average price of $28.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 14.91 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same period in the previous year, the firm earned $0.37 EPS. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts predict that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 52.57%.

Insider Activity at Reynolds Consumer Products

In related news, Director Helen Golding purchased 1,190 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares in the company, valued at $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rolf Stangl purchased 7,207 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was bought at an average price of $27.25 per share, for a total transaction of $196,390.75. Following the purchase, the director now owns 7,207 shares in the company, valued at approximately $196,390.75. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 12,079 shares of company stock worth $330,466. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

Several hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC raised its position in shares of Reynolds Consumer Products by 21.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after buying an additional 414 shares in the last quarter. Covestor Ltd raised its position in shares of Reynolds Consumer Products by 14.8% during the 3rd quarter. Covestor Ltd now owns 4,564 shares of the company’s stock valued at $142,000 after buying an additional 588 shares in the last quarter. MML Investors Services LLC raised its position in shares of Reynolds Consumer Products by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after buying an additional 641 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Reynolds Consumer Products by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 135,425 shares of the company’s stock valued at $4,212,000 after buying an additional 845 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Reynolds Consumer Products during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

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.