Reynolds Consumer Products (NASDAQ:REYN) Reaches New 12-Month High – Should You Buy?

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

Analyst Ratings Changes

Several brokerages recently weighed in on REYN. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Royal Bank Of Canada set a $24.00 price target on Reynolds Consumer Products and gave the stock a “sector perform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Barclays decreased 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. Finally, Weiss Ratings cut shares of Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $23.60.

Read Our Latest Report on Reynolds Consumer Products

Reynolds Consumer Products Trading Up 1.2%

The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $22.10 and a 200 day simple moving average of $22.68. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 16.58 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. 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, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, May 15th. Reynolds Consumer Products’s payout ratio is presently 58.60%.

Institutional Trading of Reynolds Consumer Products

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in Reynolds Consumer Products by 70.4% during the fourth 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 period. Farther Finance Advisors LLC raised its position in Reynolds Consumer Products by 127.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock valued at $32,000 after acquiring an additional 780 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Reynolds Consumer Products by 4,657.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock valued at $38,000 after acquiring an additional 1,770 shares during the period. Rockefeller Capital Management L.P. boosted its position in Reynolds Consumer Products by 119.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock worth $41,000 after purchasing an additional 978 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Reynolds Consumer Products by 199,400.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock valued at $46,000 after purchasing an additional 1,994 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

About Reynolds Consumer Products

(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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