Reynolds Consumer Products (NASDAQ:REYN) Price Target Raised to $28.00 at Royal Bank Of Canada

Reynolds Consumer Products (NASDAQ:REYN) had its target price upped by Royal Bank Of Canada from $25.00 to $28.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reynolds Consumer Products in a research note on Wednesday, October 8th. Canaccord Genuity Group boosted their target price on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays boosted their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, UBS Group boosted their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.75.

Reynolds Consumer Products Stock Up 2.4%

REYN stock opened at $25.56 on Thursday. The company’s 50 day moving average price is $23.56 and its 200 day moving average price is $22.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. Reynolds Consumer Products has a fifty-two week low of $20.91 and a fifty-two week high of $28.66. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 17.51 and a beta of 0.60.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.95%. The firm had revenue of $931.00 million for the quarter, compared to analyst estimates of $900.12 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS. Q4 2025 guidance at 0.520-0.560 EPS. On average, equities research analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio is presently 61.74%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Duncan Hawkesby bought 159,506 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the purchase, the director owned 334,092 shares of the company’s stock, valued at approximately $7,680,775.08. This represents a 91.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 231,092 shares of company stock valued at $5,316,902 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Reynolds Consumer Products

Several hedge funds have recently made changes to their positions in REYN. Jane Street Group LLC boosted its stake in shares of Reynolds Consumer Products by 858.3% during the second 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 period. AQR Capital Management LLC boosted its stake in shares of Reynolds Consumer Products by 107.3% during the second quarter. AQR Capital Management LLC now owns 1,880,175 shares of the company’s stock worth $40,142,000 after buying an additional 973,374 shares during the period. Clifford Capital Partners LLC boosted its stake in shares of Reynolds Consumer Products by 4,507.2% during the second quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock worth $15,162,000 after buying an additional 692,489 shares during the period. Norges Bank acquired a new stake in shares of Reynolds Consumer Products during the second quarter worth about $14,256,000. Finally, First Trust Advisors LP boosted its stake in shares of Reynolds Consumer Products by 13.9% during the second quarter. First Trust Advisors LP now owns 2,521,685 shares of the company’s stock worth $54,015,000 after buying an additional 306,936 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.