Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN – Get Free Report) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Seven 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 objective among brokerages that have updated their coverage on the stock in the last year is $25.20.
Several research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, September 25th. Barclays cut their target price on Reynolds Consumer Products from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Finally, UBS Group raised their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th.
View Our Latest Stock Analysis on Reynolds Consumer Products
Reynolds Consumer Products Price Performance
Shares of NASDAQ REYN opened at $22.96 on Friday. Reynolds Consumer Products has a twelve month low of $20.44 and a twelve month high of $27.32. The firm has a fifty day simple moving average of $22.99 and a 200 day simple moving average of $23.36. The company has a market capitalization of $4.84 billion, a PE ratio of 14.00 and a beta of 0.55. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.
Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $944.00 million for the quarter, compared to analyst estimates of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. Reynolds Consumer Products’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. On average, sell-side analysts forecast that Reynolds Consumer Products will post 1.60 EPS for the current year.
Reynolds Consumer Products Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 annualized dividend and a yield of 4.0%. Reynolds Consumer Products’s payout ratio is 56.10%.
Hedge Funds Weigh In On Reynolds Consumer Products
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Reynolds Consumer Products in the 2nd quarter valued at about $31,000. Global Retirement Partners LLC bought a new stake in Reynolds Consumer Products in the 2nd quarter valued at about $34,000. Allworth Financial LP bought a new stake in Reynolds Consumer Products in the 2nd quarter valued at about $39,000. Rockefeller Capital Management L.P. increased its position in Reynolds Consumer Products by 119.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock valued at $41,000 after buying an additional 978 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after buying an additional 1,770 shares during the period. 26.81% of the stock is currently owned by institutional investors.
Reynolds Consumer Products Company Profile
Reynolds Consumer Products Inc (NASDAQ:REYN) manufactures and markets household products used for food preparation, storage, cleanup and waste management. Its portfolio includes aluminum foil, parchment paper, plastic wrap, disposable cookware, trash bags, food-storage bags and other everyday consumer products.
The company sells products under well-known brands including Reynolds and Reynolds Kitchens, Hefty, Presto, Diamond and Fresh. Its offerings are distributed through grocery stores, mass merchants, club stores, e-commerce channels and other retail outlets, as well as through foodservice and other commercial customers.
Reynolds Consumer Products serves consumers primarily in the United States and Canada.
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