Reynolds Consumer Products (NASDAQ:REYN) Reaches New 1-Year High – What’s Next?

by · The Cerbat Gem

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYNGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $26.38 and last traded at $26.2320, with a volume of 255241 shares traded. The stock had previously closed at $25.73.

Analyst Ratings Changes

Several equities research analysts recently commented on REYN shares. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings lowered Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 12th. Barclays reduced their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. lowered their target price on 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. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average price target of $23.60.

Get Our Latest Stock Report on REYN

Reynolds Consumer Products Price Performance

The business has a 50-day moving average price of $22.29 and a 200 day moving average price of $22.73. The stock has a market cap of $5.65 billion, a PE ratio of 17.08 and a beta of 0.58. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $877.00 million during the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently bought and sold shares of REYN. Royal Bank of Canada grew its position in Reynolds Consumer Products by 1.9% during the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after purchasing an additional 1,720 shares during the last quarter. Millennium Management LLC increased its position in Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Reynolds Consumer Products by 60.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after purchasing an additional 83,633 shares during the last quarter. Jane Street Group LLC grew its position in shares of Reynolds Consumer Products by 488.4% during the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after acquiring an additional 104,357 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Reynolds Consumer Products by 17.5% in the second quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company’s stock worth $7,086,000 after buying an additional 49,192 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Company Profile

(Get Free Report)

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.

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