Brokerages Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Price Target at $32.17

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.17.

A number of research analysts have commented on REYN shares. Barclays decreased their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group assumed coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target on the stock.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $28.16 on Tuesday. The firm’s fifty day moving average price is $28.45 and its two-hundred day moving average price is $28.99. 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 $5.92 billion, a P/E ratio of 16.09 and a beta of 0.50. Reynolds Consumer Products has a one year low of $26.26 and a one year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $902.88 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.27%. Reynolds Consumer Products’s payout ratio is 52.57%.

Insider Buying and Selling

In related news, Director Rolf Stangl purchased 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The shares were bought at an average cost 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 trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Golding acquired 1,190 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares in the company, valued at $32,820.20. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Reynolds Consumer Products by 16.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,168 shares of the company’s stock valued at $348,000 after purchasing an additional 1,726 shares during the last quarter. GAMMA Investing LLC boosted its position in Reynolds Consumer Products by 510.2% during the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after buying an additional 801 shares during the period. CWM LLC grew its holdings in Reynolds Consumer Products by 368.6% during the 2nd quarter. CWM LLC now owns 22,050 shares of the company’s stock worth $617,000 after acquiring an additional 17,344 shares during the last quarter. SG Americas Securities LLC acquired a new position in Reynolds Consumer Products in the 2nd quarter valued at approximately $695,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Reynolds Consumer Products during the second quarter valued at $357,000. 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.