Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $25.00 at Barclays

Reynolds Consumer Products (NASDAQ:REYN) had its target price trimmed by Barclays from $27.00 to $25.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other brokerages have also commented on REYN. UBS Group cut their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.38.

Reynolds Consumer Products Trading Down 6.8 %

Shares of REYN opened at $24.82 on Thursday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.18 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. Reynolds Consumer Products has a 1-year low of $24.79 and a 1-year high of $32.65. The company has a 50-day moving average of $27.32 and a 200 day moving average of $28.81.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. On average, research analysts expect that Reynolds Consumer Products will post 1.69 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.71%. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 3,682 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the acquisition, the director now owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Helen Golding acquired 1,190 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Reynolds Consumer Products

Several institutional investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in Reynolds Consumer Products during the third quarter worth approximately $29,000. Blue Trust Inc. lifted its position in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Reynolds Consumer Products in the 4th quarter valued at $40,000. Capital Performance Advisors LLP purchased a new stake in Reynolds Consumer Products in the 3rd quarter worth $70,000. Finally, Abich Financial Wealth Management LLC raised its position in Reynolds Consumer Products by 21.3% during the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock worth $73,000 after acquiring an additional 414 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Company Profile

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.