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Pactiv Evergreen (PTVE) Stock Price, News & Analysis

$13.26
-1.49 (-10.10%)
(As of 12:28 PM ET)
Today's Range
$11.24
$13.47
50-Day Range
$13.53
$15.01
52-Week Range
$6.85
$15.25
Volume
863,986 shs
Average Volume
487,255 shs
Market Capitalization
$2.37 billion
P/E Ratio
N/A
Dividend Yield
3.02%
Price Target
$14.69

Pactiv Evergreen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
11.7% Upside
$14.69 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.15mentions of Pactiv Evergreen in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
37.50%
From $0.80 to $1.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.93 out of 5 stars

Consumer Discretionary Sector

131st out of 272 stocks

Bags: Plastic, Laminated, & Coated Industry

1st out of 2 stocks


PTVE stock logo

About Pactiv Evergreen Stock (NASDAQ:PTVE)

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, 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 egg cartons. The Beverage Merchandising segment offers cartons for fresh refrigerated beverage products. This segment also provides integrated fresh carton systems, which include printed cartons, 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.

PTVE Stock Price History

PTVE Stock News Headlines

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Pactiv Evergreen Inc. Declares Quarterly Dividend
Pactiv Evergreen Inc. Declares Quarterly Dividend
Pactiv Evergreen Q4 2023 Earnings Preview
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Pactiv Evergreen (PTVE) Scheduled to Post Earnings on Thursday
PTVE Mar 2024 10.000 call
5 Analysts Have This To Say About Pactiv Evergreen
RBC Capital Sticks to Its Buy Rating for Pactiv Evergreen (PTVE)
RBC Capital Keeps Their Buy Rating on Pactiv Evergreen (PTVE)
Pactiv Evergreen just upgraded at Citi, here's why
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/29/2023
Dividend Payable
12/15/2023
Last Earnings
2/29/2024
Today
3/01/2024
Next Earnings (Estimated)
3/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bags: plastic, laminated, & coated
Sub-Industry
N/A
Current Symbol
NASDAQ:PTVE
Fax
N/A
Employees
16,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.69
High Stock Price Target
$19.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+13.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$318 million
Pretax Margin
-4.08%

Debt

Sales & Book Value

Annual Sales
$6.22 billion
Cash Flow
$2.37 per share
Book Value
$8.73 per share

Miscellaneous

Free Float
177,689,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
1.53
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PTVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Pactiv Evergreen stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PTVE shares.
View PTVE analyst ratings
or view top-rated stocks.

What is Pactiv Evergreen's stock price target for 2024?

8 analysts have issued twelve-month target prices for Pactiv Evergreen's shares. Their PTVE share price targets range from $11.00 to $19.00. On average, they expect the company's share price to reach $14.69 in the next year. This suggests a possible upside of 11.7% 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 2024?

Pactiv Evergreen's stock was trading at $13.71 on January 1st, 2024. Since then, PTVE shares have decreased by 4.1% and is now trading at $13.15.
View the best growth stocks for 2024 here
.

Are investors shorting Pactiv Evergreen?

Pactiv Evergreen saw a decrease in short interest in February. As of February 15th, there was short interest totaling 780,300 shares, a decrease of 17.7% from the January 31st total of 948,200 shares. Based on an average daily volume of 398,200 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.0% of the company's shares are short sold.
View Pactiv Evergreen's Short Interest
.

When is Pactiv Evergreen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, March 1st 2024.
View our PTVE earnings forecast
.

How were Pactiv Evergreen's earnings last quarter?

Pactiv Evergreen Inc. (NASDAQ:PTVE) posted its quarterly earnings data on Thursday, February, 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.19. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.32 billion. Pactiv Evergreen had a positive trailing twelve-month return on equity of 10.79% and a negative net margin of 3.82%. The business's revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS.

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

Pactiv Evergreen declared a quarterly dividend on Monday, October 30th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.10 per share on Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, 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 2.76%.
Read our dividend analysis for PTVE.

What ETFs hold Pactiv Evergreen's stock?

ETFs with the largest weight of Pactiv Evergreen (NASDAQ:PTVE) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX).

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 a price of $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.

Who are Pactiv Evergreen's major shareholders?

Pactiv Evergreen's stock is owned by many different retail and institutional investors. Top institutional investors include Rubric Capital Management LP (2.82%), Vanguard Group Inc. (2.04%), Frontier Capital Management Co. LLC (1.83%), Dimensional Fund Advisors LP (0.90%), Bridgeway Capital Management LLC (0.70%) and Charles Schwab Investment Management Inc. (0.55%). Insiders that own company stock include Allen Hugli, Eric Wulf, Michael Jack King, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PTVE) was last updated on 3/1/2024 by MarketBeat.com Staff