Analysts Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Price Target at $30.86

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been given a consensus rating of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.86.

Several research firms recently issued reports on REYN. Barclays dropped their target price on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group dropped their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

Reynolds Consumer Products Stock Down 0.4 %

REYN stock opened at $27.61 on Wednesday. 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 stock has a market capitalization of $5.80 billion, a P/E ratio of 15.78 and a beta of 0.50. Reynolds Consumer Products has a fifty-two week low of $25.88 and a fifty-two week high of $32.65. The business has a 50-day moving average of $27.33 and a 200-day moving average of $28.80.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 52.57%.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl purchased 3,682 shares of Reynolds Consumer Products stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the purchase, the director now directly owns 10,889 shares of the company’s stock, valued at $299,447.50. This trade represents a 51.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Helen Golding acquired 1,190 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the acquisition, the director now owns 1,190 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in shares of Reynolds Consumer Products during the 3rd quarter worth $29,000. Blue Trust Inc. increased its stake in Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after acquiring an additional 698 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Reynolds Consumer Products during the fourth quarter valued at approximately $40,000. Capital Performance Advisors LLP bought a new stake in Reynolds Consumer Products during the third quarter worth $70,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.