In the latest session, Reynolds Consumer Products Inc (NASDAQ: REYN) closed at $28.29 down -1.29% from its previous closing price of $28.66. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 506335 shares were traded.
Ratios:
For a deeper understanding of Reynolds Consumer Products Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.01. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on November 22, 2023, Downgraded its rating to Neutral and sets its target price to $28 from $29 previously.
On October 03, 2023, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $28 to $30.
On March 30, 2023, Canaccord Genuity started tracking the stock assigning a Hold rating and target price of $28.Canaccord Genuity initiated its Hold rating on March 30, 2023, with a $28 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 26 ’23 when Mayrhofer Chris bought 5,000 shares for $26.98 per share. The transaction valued at 134,912 led to the insider holds 9,975 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REYN now has a Market Capitalization of 5.95B and an Enterprise Value of 7.72B. As of this moment, Reynolds’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.94, and their Forward P/E ratio for the next fiscal year is 16.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is 11.68.
Stock Price History:
Over the past 52 weeks, REYN has reached a high of $30.54, while it has fallen to a 52-week low of $24.80. The 50-Day Moving Average of the stock is 28.28, while the 200-Day Moving Average is calculated to be 27.22.
Shares Statistics:
For the past three months, REYN has traded an average of 602.75K shares per day and 1.25M over the past ten days. A total of 210.00M shares are outstanding, with a floating share count of 54.12M. Insiders hold about 74.24% of the company’s shares, while institutions hold 26.91% stake in the company. Shares short for REYN as of Feb 29, 2024 were 1.08M with a Short Ratio of 1.79, compared to 1.31M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.51% and a Short% of Float of 1.98%.
Dividends & Splits
According to the company, the forward annual dividend rate for REYN is 0.92, from 0.92 in the trailing year. Against a Trailing Annual Dividend Yield of 3.21%, it implies a Forward Annual Dividend Yield of 3.25%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.22, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.37, with high estimates of $0.39 and low estimates of $0.33.
Analysts are recommending an EPS of between $1.66 and $1.59 for the fiscal current year, implying an average EPS of $1.62. EPS for the following year is $1.73, with 8 analysts recommending between $1.78 and $1.7.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $813.84M this quarter.It ranges from a high estimate of $820.2M to a low estimate of $807M. As of the current estimate, Reynolds Consumer Products Inc’s year-ago sales were $874M, an estimated decrease of -6.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $890.43M, a decrease of -5.00% over than the figure of -$6.90% in the same quarter last year. There is a high estimate of $903.1M for the next quarter, whereas the lowest estimate is $881M.
A total of 6 analysts have provided revenue estimates for REYN’s current fiscal year. The highest revenue estimate was $3.63B, while the lowest revenue estimate was $3.58B, resulting in an average revenue estimate of $3.6B. In the same quarter a year ago, actual revenue was $3.76B, down -4.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.66B in the next fiscal year. The high estimate is $3.71B and the low estimate is $3.63B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
