Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $26.75 Consensus Price Target from Brokerages

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.6250.

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Zacks Research downgraded shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. UBS Group cut their target price on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Royal Bank Of Canada raised their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group lifted their price target on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th.

Institutional Investors Weigh In On Reynolds Consumer Products

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC grew its holdings in shares of Reynolds Consumer Products by 2,734.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,304 shares of the company’s stock valued at $32,000 after purchasing an additional 1,258 shares during the last quarter. Quent Capital LLC purchased a new stake in Reynolds Consumer Products during the third quarter valued at about $33,000. First Horizon Advisors Inc. grew its stake in shares of Reynolds Consumer Products by 40.8% during the second quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock valued at $34,000 after buying an additional 464 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Reynolds Consumer Products by 42.5% in the fourth quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock worth $53,000 after buying an additional 695 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of Reynolds Consumer Products by 54,480.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,729 shares of the company’s stock valued at $67,000 after acquiring an additional 2,724 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Trading Down 1.6%

Shares of REYN stock opened at $23.93 on Wednesday. The company has a market capitalization of $5.03 billion, a PE ratio of 16.39 and a beta of 0.57. Reynolds Consumer Products has a 52-week low of $20.91 and a 52-week high of $28.22. The business’s fifty day moving average is $23.96 and its 200 day moving average is $23.41. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The business had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $900.12 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue 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 and its Q4 2025 guidance at 0.520-0.560 EPS. On average, equities research analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.92 annualized dividend and a yield of 3.8%. Reynolds Consumer Products’s dividend payout ratio is currently 63.01%.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.