Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $31.00 at Stifel Nicolaus

Reynolds Consumer Products (NASDAQ:REYN) had its price objective decreased by Stifel Nicolaus from $32.00 to $31.00 in a report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays lowered their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Evercore ISI reduced their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Reynolds Consumer Products currently has an average rating of “Hold” and an average target price of $30.38.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $24.82 on Thursday. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.22 billion, a PE ratio of 14.18 and a beta of 0.50. The firm’s 50-day simple moving average is $27.32 and its 200 day simple moving average is $28.81. Reynolds Consumer Products has a 52 week low of $24.79 and a 52 week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. On average, equities research analysts predict that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, February 14th. Reynolds Consumer Products’s payout ratio is currently 52.57%.

Insider Activity

In other news, Director Helen Golding purchased 1,190 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $27.58 per share, with a total value of $32,820.20. Following the acquisition, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rolf Stangl purchased 3,682 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the purchase, the director now directly owns 10,889 shares in the company, valued at $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in Reynolds Consumer Products during the 3rd quarter valued at approximately $29,000. Blue Trust Inc. boosted its stake in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Reynolds Consumer Products during the fourth quarter worth approximately $40,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the third quarter worth $70,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 26.81% 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 EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.