Reynolds Consumer Products (NASDAQ:REYN) Hits New 1-Year High – Still a Buy?

Reynolds Consumer Products Inc. (NASDAQ:REYN)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $27.21 and last traded at $27.1950, with a volume of 177584 shares traded. The stock had previously closed at $26.85.

Analyst Upgrades and Downgrades

Several analysts have issued reports on REYN shares. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Barclays lowered their target price on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, UBS Group reduced their price target on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.60.

Reynolds Consumer Products Price Performance

The business’s 50-day simple moving average is $22.72 and its 200-day simple moving average is $22.80. The stock has a market cap of $5.73 billion, a PE ratio of 17.31 and a beta of 0.54. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $822.42 million. During the same period in the prior year, the business posted $0.23 earnings per share. Reynolds Consumer Products’s revenue for the quarter was up 7.2% on a year-over-year basis. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, research analysts expect that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Reynolds Consumer Products’s payout ratio is 58.60%.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its holdings in Reynolds Consumer Products by 29.8% in the second quarter. Versant Capital Management Inc now owns 11,064 shares of the company’s stock valued at $297,000 after acquiring an additional 2,542 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Reynolds Consumer Products by 11.7% in the 1st quarter. Glenmede Trust Co. NA now owns 10,500 shares of the company’s stock worth $222,000 after purchasing an additional 1,097 shares in the last quarter. Bank of America Corp DE raised its holdings in Reynolds Consumer Products by 38.9% in the 1st quarter. Bank of America Corp DE now owns 662,465 shares of the company’s stock worth $14,031,000 after purchasing an additional 185,665 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Reynolds Consumer Products in the 1st quarter worth about $1,463,000. Finally, Altshuler Shaham Ltd lifted its position in shares of Reynolds Consumer Products by 545.8% in the 1st quarter. Altshuler Shaham Ltd now owns 5,935 shares of the company’s stock worth $126,000 after purchasing an additional 5,016 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

About Reynolds Consumer Products

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.