Reynolds Consumer Products (NASDAQ:REYN) Reaches New 52-Week Low – Should You Sell?

Reynolds Consumer Products Inc. (NASDAQ:REYN) reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.79 and last traded at $23.98, with a volume of 27071 shares. The stock had previously closed at $23.94.

Wall Street Analysts Forecast Growth

REYN has been the topic of several research analyst reports. Evercore ISI reduced their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. UBS Group lowered their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on 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, Stifel Nicolaus decreased their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.38.

Reynolds Consumer Products Stock Up 1.7 %

The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 14.36 and a beta of 0.50. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $26.63 and a two-hundred day moving average of $28.58.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. As a group, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company 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 $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.81%. Reynolds Consumer Products’s dividend payout ratio is currently 54.76%.

Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, with a total value of $149,340.00. Following the acquisition, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning boosted its position in Reynolds Consumer Products by 14.8% in the 3rd quarter. Creative Planning now owns 17,106 shares of the company’s stock valued at $532,000 after buying an additional 2,204 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Reynolds Consumer Products by 3,009.9% during the third quarter. International Assets Investment Management LLC now owns 2,830 shares of the company’s stock worth $91,000 after acquiring an additional 2,739 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Reynolds Consumer Products by 2.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 65,262 shares of the company’s stock worth $2,030,000 after acquiring an additional 1,357 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Reynolds Consumer Products by 106.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,288 shares of the company’s stock worth $818,000 after acquiring an additional 13,535 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Reynolds Consumer Products during the third quarter worth about $277,000. 26.81% of the stock is owned by institutional investors and hedge funds.

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.