UBS Group Cuts Reynolds Consumer Products (NASDAQ:REYN) Price Target to $23.00

Reynolds Consumer Products (NASDAQ:REYN) had its target price reduced by UBS Group from $26.00 to $23.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on REYN. Royal Bank Of Canada cut their target price on Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. Canaccord Genuity Group lowered their price objective on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Finally, Zacks Research lowered Reynolds Consumer Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.67.

Reynolds Consumer Products Stock Up 1.5%

Shares of REYN opened at $22.28 on Tuesday. The company has a market capitalization of $4.70 billion, a PE ratio of 15.47 and a beta of 0.61. Reynolds Consumer Products has a 12 month low of $20.69 and a 12 month high of $26.25. The stock’s 50-day moving average price is $22.51 and its two-hundred day moving average price is $23.45. The company has a current ratio of 1.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, February 4th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. On average, analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.92 annualized dividend and a dividend yield of 4.1%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 63.89%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 4,705 shares of the stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average cost of $21.06 per share, with a total value of $99,087.30. Following the transaction, the director owned 39,537 shares in the company, valued at approximately $832,649.22. The trade was a 13.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Reynolds Consumer Products by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,197,729 shares of the company’s stock valued at $151,658,000 after buying an additional 284,643 shares in the last quarter. AQR Capital Management LLC increased 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 buying an additional 3,071,015 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Reynolds Consumer Products by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock valued at $101,426,000 after buying an additional 649,120 shares in the last quarter. Gotham Asset Management LLC increased its position in Reynolds Consumer Products by 182.2% in the 3rd quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock valued at $38,133,000 after buying an additional 1,006,051 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Reynolds Consumer Products by 1,210.2% in the 4th quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after buying an additional 1,352,881 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

About Reynolds Consumer Products

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.