Reynolds Consumer Products Inc. (NASDAQ:REYN) Relative Strength Index (RSI) is 51.91, with weekly volatility at 1.44% and ATR at 0.56. The REYN stock’s 52-week price range has touched low of $27.27 and a $35.73 high. Intraday shares traded counted 0.35 million, which was 32.81% higher than its 30-day average trading volume of 524.03K. Its shares traded higher over the last trading session, gaining 0.56% on 06/10/21. The shares fell to a low of $30.38 before closing at $30.57. REYN’s previous close was $30.40 while the outstanding shares total 209.70M. The firm has a 12-month trailing P/E ratio of 14.65, and a growth ratio of 4.43.
Investors have identified the Packaging & Containers company Reynolds Consumer Products Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Reynolds Consumer Products Inc. (REYN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For REYN, the company has in raw cash 144.0 million on their books with 25.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 971.0 million total, with 424.0 million as their total liabilities.
REYN were able to record -14.0 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -168.0 million. In cash movements, the company had a total of 9.0 million as operating cash flow.
Potential earnings growth for Reynolds Consumer Products Inc. (REYN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Reynolds Consumer Products Inc. recorded a total of 757.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.57% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -17.31%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 565.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 192.0 million. This allows shareholders to hold on to 209.70M with the recently reported earning now reading 0.35 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.36 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.04 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on REYN sounds very interesting.
Is the stock of REYN attractive?
In related news, Chief Administrative Officer, Estes Stephen C. bought 1,500 shares of the company’s stock in a transaction that recorded on May 11. The purchase was performed at an average price of 31.26, for a total value of 46,890. As the purchase deal closes, the Chief Financial Officer, Graham Michael E. now bought 2,600 shares of the company’s stock, valued at 76,367. Also, Director, Cole Gregory Alan bought 7,000 shares of the company’s stock in a deal that was recorded on Nov 19. The shares were cost at an average price of 29.78 per share, with a total market value of 208,462. Following this completion of disposal, the President and CEO, MITCHELL V LANCE now holds 16,500 shares of the company’s stock, valued at 492,639. In the last 6 months, insiders have changed their ownership in shares of company stock by 74.15%.
8 out of 9 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Reynolds Consumer Products Inc.. 0 analysts has assigned a Sell rating on the REYN stock. The 12-month mean consensus price target for the company’s shares has been set at $36.38.