6 days Ago By ABMN Staff
Royal Bank of Canada restated their sector perform rating on shares of Reynolds Consumer Products ( NASDAQ:REYN – Free Report ) in a research note issued to investors on Monday morning, Benzinga reports. Royal Bank of Canada currently has a $30.00 target price on the stock.
REYN has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Reynolds Consumer Products from $26.
00 to $24.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Truist Financial cut their target price on shares of Reynolds Consumer Products from $35.
00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus lowered their price target on shares of Reynolds Consumer Products from $31.
00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $29.
00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Evercore ISI dropped their target price on Reynolds Consumer Products from $33.
00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.56.
View Our Latest Stock Analysis on REYN Reynolds Consumer Products Price Performance Reynolds Consumer Products ( NASDAQ:REYN – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.
58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.
14%. As a group, equities research analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current year.
Reynolds Consumer Products Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.23 dividend.
This represents a $0.92 dividend on an annualized basis and a yield of 3.94%.
The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.
Insider Buying and Selling at Reynolds Consumer Products In other news, Director Rolf Stangl acquired 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $24.89 per share, with a total value of $149,340.
00. Following the completion of the acquisition, the director now owns 16,889 shares of the company’s stock, valued at approximately $420,367.21.
This trade represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link .
0.15% of the stock is currently owned by company insiders. Institutional Trading of Reynolds Consumer Products Hedge funds and other institutional investors have recently bought and sold shares of the stock.
Norges Bank acquired a new stake in Reynolds Consumer Products in the fourth quarter valued at approximately $17,964,000. Dimensional Fund Advisors LP grew its holdings in Reynolds Consumer Products by 13.2% in the fourth quarter.
Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock valued at $63,586,000 after purchasing an additional 275,601 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Reynolds Consumer Products by 1.4% in the fourth quarter.
Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock valued at $351,564,000 after purchasing an additional 182,353 shares during the period. Ceredex Value Advisors LLC grew its holdings in Reynolds Consumer Products by 58.1% in the fourth quarter.
Ceredex Value Advisors LLC now owns 468,360 shares of the company’s stock valued at $12,641,000 after purchasing an additional 172,136 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Reynolds Consumer Products by 950.5% in the first quarter.
SG Americas Securities LLC now owns 170,615 shares of the company’s stock valued at $4,071,000 after purchasing an additional 154,374 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.
About Reynolds Consumer Products ( Get Free Report ) 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.
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