Pactiv Evergreen (PTVE) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTVE shares.
View PTVE analyst ratings or view top-rated stocks.

5 brokers have issued twelve-month price objectives for Pactiv Evergreen's shares. Their PTVE share price forecasts range from $10.00 to $14.00. On average, they predict the company's share price to reach $11.43 in the next year. This suggests a possible upside of 47.1% from the stock's current price.
View analysts price targets for PTVE or view top-rated stocks among Wall Street analysts.

Pactiv Evergreen's stock was trading at $11.36 at the start of the year. Since then, PTVE stock has decreased by 31.6% and is now trading at $7.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PTVE earnings forecast.

Pactiv Evergreen Inc. (NASDAQ:PTVE) posted its quarterly earnings data on Monday, May, 8th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Pactiv Evergreen had a trailing twelve-month return on equity of 11.27% and a net margin of 2.29%.

Pactiv Evergreen announced a quarterly dividend on Friday, May 5th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.10 per share on Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for PTVE.

ETFs with the largest weight of Pactiv Evergreen (NASDAQ:PTVE) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT), WisdomTree U.S. SmallCap Dividend Fund (DES), First Trust Small Cap Core AlphaDEX Fund (FYX), Small Cap US Equity Select ETF (RNSC), Invesco MSCI Global Timber ETF (CUT), Vanguard Materials ETF (VAW) and Fidelity MSCI Materials Index ETF (FMAT).iShares North American Natural Resources ETF (IGE).

Pactiv Evergreen (NASDAQ:PTVE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.57%. PTVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PTVE will have a dividend payout ratio of 45.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PTVE.

(PTVE) raised $800 million in an IPO 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 acted 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.

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

Pactiv Evergreen's stock is owned by a number of retail and institutional investors. Top institutional investors include American Century Companies Inc. (2.98%), Rubric Capital Management LP (2.70%), Frontier Capital Management Co. LLC (1.71%), BlackRock Inc. (1.61%), State Street Corp (0.55%) and Dimensional Fund Advisors LP (0.54%). 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.
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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.
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One share of PTVE stock can currently be purchased for approximately $7.77.

Pactiv Evergreen (NASDAQ:PTVE) has a market capitalization of $1.39 billion and generates $6.22 billion in revenue each year. The company earns $318 million in net income (profit) each year or $0.77 on an earnings per share basis.

The company employs 16,000 workers across the globe.

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 or via email at investorrelations@pactivevergreen.com.