Reynolds Consumer Products (NASDAQ:REYN) Given New $27.00 Price Target at Barclays

Reynolds Consumer Products (NASDAQ:REYN) had its price target reduced by Barclays from $28.00 to $27.00 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also commented on REYN. JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group decreased their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus price target of $30.86.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $27.09 on Friday. The business has a 50 day simple moving average of $27.35 and a 200 day simple moving average of $28.76. 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 capitalization of $5.69 billion, a PE ratio of 15.48 and a beta of 0.50. Reynolds Consumer Products has a one year low of $25.88 and a one year high of $32.65.

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 company 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 business posted $0.37 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 7,207 shares of the stock in a transaction dated 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 transaction, the director now directly owns 7,207 shares in the company, valued at $196,390.75. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, with a total value of $32,820.20. Following the completion of the purchase, the director now owns 1,190 shares of the company’s stock, valued at $32,820.20. The trade was 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 valued at $330,466. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors have recently bought and sold shares of REYN. Rhumbline Advisers boosted its position in shares of Reynolds Consumer Products by 18.9% in the 2nd quarter. Rhumbline Advisers now owns 69,147 shares of the company’s stock worth $1,935,000 after purchasing an additional 10,987 shares during the last quarter. American Century Companies Inc. boosted its holdings in Reynolds Consumer Products by 188.8% during the second quarter. American Century Companies Inc. now owns 280,137 shares of the company’s stock worth $7,838,000 after buying an additional 183,125 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Reynolds Consumer Products by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 252,761 shares of the company’s stock worth $7,072,000 after buying an additional 2,763 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Reynolds Consumer Products by 17.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,781,815 shares of the company’s stock worth $49,859,000 after buying an additional 261,513 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Reynolds Consumer Products by 22.2% in the 2nd quarter. Renaissance Technologies LLC now owns 304,705 shares of the company’s stock valued at $8,526,000 after acquiring an additional 55,405 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.