Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $23.60 Average PT from Brokerages

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.60.

Several equities analysts recently commented on REYN shares. Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Barclays cut their target price on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada set a $24.00 target price on Reynolds Consumer Products and gave the stock a “sector perform” rating in a research note on Thursday, April 9th.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $26.20 on Wednesday. Reynolds Consumer Products has a 12 month low of $20.44 and a 12 month high of $27.32. The stock has a market capitalization of $5.52 billion, a PE ratio of 16.69 and a beta of 0.54. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $23.58 and a 200-day moving average of $22.94.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $822.42 million. During the same period in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue 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, equities research analysts predict that Reynolds Consumer Products will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, May 15th. Reynolds Consumer Products’s payout ratio is presently 58.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Reynolds Consumer Products by 163.3% in the 3rd quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after purchasing an additional 3,071,015 shares during the period. SG Americas Securities LLC lifted its position in shares of Reynolds Consumer Products by 1,210.2% during the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after purchasing an additional 1,352,881 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Reynolds Consumer Products by 858.3% in the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after buying an additional 1,079,116 shares during the last quarter. Gotham Asset Management LLC boosted its position in Reynolds Consumer Products by 182.2% in the third quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock worth $38,133,000 after purchasing an additional 1,006,051 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Reynolds Consumer Products by 3,783.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock worth $18,352,000 after buying an additional 730,670 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

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.