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NASDAQ:PTVE

Pactiv Evergreen - PTVE Stock Forecast, Price & News

$11.94
+0.05 (+0.42%)
(As of 12/9/2022 12:49 PM ET)
Add
Compare
Today's Range
$11.84
$12.08
50-Day Range
$8.73
$12.11
52-Week Range
$8.31
$13.87
Volume
2,415 shs
Average Volume
154,902 shs
Market Capitalization
$2.12 billion
P/E Ratio
6.67
Dividend Yield
3.32%
Price Target
$12.57

Pactiv Evergreen MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
4.8% Upside
$12.57 Price Target
Short Interest
Healthy
4.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of Pactiv Evergreen in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-44.85%
From $1.65 to $0.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Consumer Discretionary Sector

228th out of 268 stocks

Bags: Plastic, Laminated, & Coated Industry

1st out of 2 stocks

PTVE stock logo

About Pactiv Evergreen (NASDAQ:PTVE) Stock

Pactiv Evergreen Inc. manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in North America. It operates through three segments: Foodservice, Food Merchandising, and Beverage Merchandising. The Foodservice segment offers food containers, hot and cold cups, lids, dinnerware, tableware, service ware, and other products. The Food Merchandising segment provides clear rigid-display containers, containers for prepared and ready-to-eat food, trays for meat and poultry, and molded fiber cartons. The Beverage Merchandising segment offers cartons for fresh refrigerated beverage products. This segment also provides integrated fresh carton systems, which include printed cartons with high-impact graphics, spouts, and filling machines, as well as fiber-based liquid packaging board and range of paper-based products. The company serves full-service restaurants, quick service restaurants, foodservice distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, and food packers and food processors. The company was formerly known as Reynolds Group Holdings Limited. Pactiv Evergreen Inc. was founded in 1880 and is headquartered in Lake Forest, Illinois. Pactiv Evergreen Inc. is a subsidiary of Packaging Finance Limited.

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PTVE Stock News Headlines

Pactiv LLC Commences Tender Offer
Pactiv Evergreen's (NASDAQ:PTVE) Dividend Will Be $0.10
Preview: Pactiv Evergreen's Earnings
PTVE Pactiv Evergreen Inc.
Should Value Investors Buy bpost (BPOSY) Stock?
Are Investors Undervaluing bpost (BPOSY) Right Now?
See More Headlines
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PTVE Company Calendar

Ex-Dividend for 9/15 Dividend
8/30/2022
Dividend Payable
9/15/2022
Last Earnings
11/07/2022
Ex-Dividend for 12/15 Dividend
11/29/2022
Today
12/09/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Bags: plastic, laminated, & coated
Sub-Industry
N/A
Current Symbol
NASDAQ:PTVE
Fax
N/A
Employees
16,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.57
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$23 million
Pretax Margin
8.10%

Debt

Sales & Book Value

Annual Sales
$5.44 billion
Cash Flow
$2.86 per share
Book Value
$7.27 per share

Miscellaneous

Free Float
177,412,000
Market Cap
$2.12 billion
Optionable
Not Optionable
Beta
1.54

Key Executives

  • Mr. Michael Jack KingMr. Michael Jack King (Age 42)
    Pres, CEO & Director
    Comp: $1.56M
  • Mr. Douglas E. Owenby (Age 62)
    Chief Operations Officer
    Comp: $339.41k
  • Mr. Timothy A. Levenda (Age 54)
    Pres of Foodservice
    Comp: $1.91M
  • Mr. Eric A. Wulf (Age 40)
    Pres of Food Merchandising
    Comp: $1.15M
  • Mr. Jonathan H. Baksht (Age 46)
    Chief Financial officer
  • Ricardo Alvergue
    Chief Accounting Officer
  • Mark Dutt
    Sr. VP of Engineering & Technology
  • Mike Betz
    Chief Information Officer
  • Mr. Dhaval Patel
    Sr. VP of Investor Relations & Strategy
  • Ms. Chandra J. Mitchell (Age 47)
    Chief Legal Officer & Corp. Sec.













PTVE Stock - Frequently Asked Questions

Should I buy or sell Pactiv Evergreen stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PTVE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTVE, but not buy additional shares or sell existing shares.
View PTVE analyst ratings
or view top-rated stocks.

What is Pactiv Evergreen's stock price forecast for 2023?

5 Wall Street research analysts have issued 12-month target prices for Pactiv Evergreen's stock. Their PTVE share price forecasts range from $10.00 to $15.00. On average, they expect the company's share price to reach $12.57 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
View analysts price targets for PTVE
or view top-rated stocks among Wall Street analysts.

How have PTVE shares performed in 2022?

Pactiv Evergreen's stock was trading at $12.68 at the start of the year. Since then, PTVE shares have decreased by 6.2% and is now trading at $11.89.
View the best growth stocks for 2022 here
.

When is Pactiv Evergreen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our PTVE earnings forecast
.

How were Pactiv Evergreen's earnings last quarter?

Pactiv Evergreen Inc. (NASDAQ:PTVE) announced its quarterly earnings results on Monday, November, 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The business earned $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Pactiv Evergreen had a net margin of 5.15% and a trailing twelve-month return on equity of 19.61%.

How often does Pactiv Evergreen pay dividends? What is the dividend yield for Pactiv Evergreen?

Pactiv Evergreen announced a quarterly dividend on Thursday, November 3rd. Investors of record on Wednesday, November 30th will be given a dividend of $0.10 per share on Thursday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for PTVE
.

Is Pactiv Evergreen a good dividend stock?

Pactiv Evergreen (NASDAQ:PTVE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.32%. The dividend payout ratio is 22.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PTVE will have a dividend payout ratio of 43.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PTVE.

When did Pactiv Evergreen IPO?

(PTVE) raised $800 million in an initial public offering on Thursday, September 17th 2020. The company issued 41,000,000 shares at $18.00-$21.00 per share. Credit Suisse, Citigroup, BofA Securities and Goldman Sachs & Co served as the underwriters for the IPO and Baird, BMO Capital Markets, Deutsche Bank Securities, RBC Capital Markets, Academy Securities, Loop Capital Markets, Rabo Securities, Ramirez & Co. and Siebert Williams Shank were co-managers.

What is Pactiv Evergreen's stock symbol?

Pactiv Evergreen trades on the NASDAQ under the ticker symbol "PTVE."

Who are Pactiv Evergreen's major shareholders?

Pactiv Evergreen's stock is owned by a variety of institutional and retail investors. Top institutional investors include Rubric Capital Management LP (2.45%), Vanguard Group Inc. (1.97%), Frontier Capital Management Co. LLC (1.70%), BlackRock Inc. (1.59%), Massachusetts Financial Services Co. MA (1.10%) and EVR Research LP (1.00%). Insiders that own company stock include Allen Hugli, Eric Wulf, John P Rooney, John T Mcgrath, Jonathan D Rich, Michael Jack King, Michael Ragen, Rolf Stangl and Tim A Levenda.
View institutional ownership trends
.

How do I buy shares of Pactiv Evergreen?

Shares of PTVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Pactiv Evergreen's stock price today?

One share of PTVE stock can currently be purchased for approximately $11.89.

How much money does Pactiv Evergreen make?

Pactiv Evergreen (NASDAQ:PTVE) has a market capitalization of $2.11 billion and generates $5.44 billion in revenue each year. The company earns $23 million in net income (profit) each year or $1.79 on an earnings per share basis.

How many employees does Pactiv Evergreen have?

The company employs 16,200 workers across the globe.

How can I contact Pactiv Evergreen?

Pactiv Evergreen's mailing address is 1900 West Field Court, Lake Forest IL, 60045. The official website for the company is www.pactivevergreen.com. The company can be reached via phone at 847-482-2000.

This page (NASDAQ:PTVE) was last updated on 12/9/2022 by MarketBeat.com Staff