Brokerages Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Target Price at $23.60

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.60.

REYN has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group cut their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Weiss Ratings cut shares of Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. decreased their target price on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Barclays decreased their target price on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $23.87 on Friday. The company has a 50 day simple moving average of $21.94 and a 200-day simple moving average of $22.69. The company has a market capitalization of $5.03 billion, a P/E ratio of 15.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76. Reynolds Consumer Products has a 1 year low of $20.44 and a 1 year high of $26.25.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $877.00 million during the quarter, compared to the consensus estimate of $822.42 million. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, equities research analysts predict that Reynolds Consumer Products will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio is presently 58.60%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its stake in shares of Reynolds Consumer Products by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after purchasing an additional 516 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after purchasing an additional 522 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Reynolds Consumer Products by 6.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,089 shares of the company’s stock valued at $231,000 after purchasing an additional 582 shares during the last quarter. Hunter Perkins Capital Management LLC grew its stake in shares of Reynolds Consumer Products by 1.2% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock valued at $1,195,000 after purchasing an additional 605 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Reynolds Consumer Products by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock worth $53,000 after buying an additional 695 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.