Reynolds Consumer Products (NASDAQ:REYN) Reaches New 1-Year Low at $25.78

Reynolds Consumer Products Inc. (NASDAQ:REYN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.78 and last traded at $25.90, with a volume of 48071 shares. The stock had previously closed at $26.07.

Wall Street Analyst Weigh In

REYN has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Reynolds Consumer Products from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Barclays boosted their price objective on Reynolds Consumer Products from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.67.

Reynolds Consumer Products Trading Down 1.1 %

The firm’s 50 day moving average is $27.62 and its 200 day moving average is $27.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.46 and a quick ratio of 1.14. The company has a market cap of $5.42 billion, a PE ratio of 22.87 and a beta of 0.46.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $937.42 million. Reynolds Consumer Products had a net margin of 6.18% and a return on equity of 13.28%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.37 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, August 16th. Reynolds Consumer Products’s payout ratio is currently 80.70%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Isthmus Partners LLC grew its holdings in shares of Reynolds Consumer Products by 4.1% in the first quarter. Isthmus Partners LLC now owns 68,825 shares of the company’s stock worth $1,893,000 after purchasing an additional 2,686 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Reynolds Consumer Products by 34.1% in the first quarter. SG Americas Securities LLC now owns 39,903 shares of the company’s stock valued at $1,097,000 after acquiring an additional 10,144 shares in the last quarter. 1834 Investment Advisors Co. increased its position in Reynolds Consumer Products by 59.9% during the 4th quarter. 1834 Investment Advisors Co. now owns 13,844 shares of the company’s stock valued at $415,000 after purchasing an additional 5,185 shares during the period. Bahl & Gaynor Inc. raised its holdings in Reynolds Consumer Products by 11.7% in the 4th quarter. Bahl & Gaynor Inc. now owns 419,264 shares of the company’s stock worth $12,570,000 after purchasing an additional 43,849 shares in the last quarter. Finally, MQS Management LLC boosted its stake in shares of Reynolds Consumer Products by 242.3% during the 1st quarter. MQS Management LLC now owns 23,574 shares of the company’s stock valued at $648,000 after purchasing an additional 16,688 shares in the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

About Reynolds Consumer Products

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 E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.