Currently, there are 210.10M common shares owned by the public and among those 54.20M shares have been available to trade.
The company’s stock has a 5-day price change of 3.83% and -10.83% over the past three months. REYN shares are trading 0.37% year to date (YTD), with the 12-month market performance down to -0.48% lower. It has a 12-month low price of $25.88 and touched a high of $32.65 over the same period. REYN has an average intraday trading volume of 555.13K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.93%, -0.98%, and -5.59% respectively.
Institutional ownership of Reynolds Consumer Products Inc (NASDAQ: REYN) shares accounts for 27.21% of the company’s 210.10M shares outstanding.
It has a market capitalization of $5.69B and a beta (3y monthly) value of 0.50. The stock’s trailing 12-month PE ratio is 15.43, while the earnings-per-share (ttm) stands at $1.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.56% over the week and 1.69% over the month.
Earnings per share for the fiscal year are expected to increase by 18.28%, and 4.68% over the next financial year.
Looking at the support for the REYN, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on August 29, 2024, with the firm’s price target at $38. JP Morgan coverage for the Reynolds Consumer Products Inc (REYN) stock in a research note released on November 22, 2023 offered a Neutral rating with a price target of $28. Goldman was of a view on October 03, 2023 that the stock is Neutral, while Canaccord Genuity gave the stock Hold rating on March 30, 2023, issuing a price target of $28. Credit Suisse on their part issued Neutral rating on January 17, 2023.
