NASDAQ:PTVE Pactiv Evergreen (PTVE) Stock Forecast, Price & News $7.99 -0.14 (-1.72%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$7.89▼$8.1250-Day Range$7.47▼$8.6852-Week Range$6.85▼$12.46Volume110,737 shsAverage Volume216,583 shsMarket Capitalization$1.43 billionP/E RatioN/ADividend Yield5.01%Price Target$10.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Pactiv Evergreen MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside33.5% Upside$10.67 Price TargetShort InterestHealthy4.75% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.77Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth70.00%From $0.50 to $0.85 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.62 out of 5 starsConsumer Discretionary Sector94th out of 276 stocksBags: Plastic, Laminated, & Coated Industry1st out of 2 stocks 3.3 Analyst's Opinion Consensus RatingPactiv Evergreen has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.67, Pactiv Evergreen has a forecasted upside of 33.5% from its current price of $7.99.Amount of Analyst CoveragePactiv Evergreen has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.75% of the float of Pactiv Evergreen has been sold short.Short Interest Ratio / Days to CoverPactiv Evergreen has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.Change versus previous monthShort interest in Pactiv Evergreen has recently decreased by 5.10%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipPactiv Evergreen is a leading dividend payer. It pays a dividend yield of 4.92%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPactiv Evergreen does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Pactiv Evergreen will have a dividend payout ratio of 47.06% next year. This indicates that Pactiv Evergreen will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PTVE. Previous Next 3.2 News and Social Media Coverage News SentimentPactiv Evergreen has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Pactiv Evergreen this week, compared to 2 articles on an average week.Search Interest3 people have searched for PTVE on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Pactiv Evergreen to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pactiv Evergreen insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.43% of the stock of Pactiv Evergreen is held by insiders.Percentage Held by InstitutionsOnly 22.13% of the stock of Pactiv Evergreen is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Pactiv Evergreen are expected to grow by 70.00% in the coming year, from $0.50 to $0.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pactiv Evergreen is -19.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Pactiv Evergreen is -19.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPactiv Evergreen has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Pactiv Evergreen (NASDAQ:PTVE) StockPactiv 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.Read More PTVE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PTVE Stock News HeadlinesOctober 2, 2023 | americanbankingnews.comPactiv Evergreen Inc. (NASDAQ:PTVE) Given Average Recommendation of "Moderate Buy" by AnalystsSeptember 29, 2023 | seekingalpha.comPactiv Evergreen: Changes Are Set In MotionOctober 2, 2023 | Behind the Markets (Ad)New Breakthrough "Living Software" Has Been…New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>September 29, 2023 | seekingalpha.comPactiv Evergreen: Topline Shrinking As Volumes DeclineSeptember 28, 2023 | finanznachrichten.dePactiv Evergreen Inc.: Pactiv Evergreen and ExxonMobil Collaborate to Leverage Advanced Recycling for Foodservice Industry PackagingSeptember 27, 2023 | finance.yahoo.comPactiv Evergreen and ExxonMobil Collaborate to Leverage Advanced Recycling for Foodservice Industry PackagingSeptember 27, 2023 | finance.yahoo.comPactiv Evergreen and ExxonMobil Collaborate to Leverage Advanced Recycling for Foodservice Industry PackagingSeptember 20, 2023 | finance.yahoo.comIs Pactiv Evergreen (PTVE) Modestly Undervalued? A Comprehensive Analysis of Its Market ValueOctober 2, 2023 | Behind the Markets (Ad)New Breakthrough "Living Software" Has Been…New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>August 15, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Buy Rating on Pactiv Evergreen (PTVE)August 11, 2023 | markets.businessinsider.comCitigroup Maintains Neutral Rating for Pactiv Evergreen: Here's What You Need To KnowAugust 5, 2023 | fool.comPactiv Evergreen (NASDAQ: PTVE)August 3, 2023 | seekingalpha.comPactiv Evergreen Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | markets.businessinsider.comPactiv Evergreen (PTVE) Gets a Buy from RBC CapitalAugust 1, 2023 | benzinga.comEarnings Outlook For Pactiv EvergreenJuly 27, 2023 | finance.yahoo.comIs There An Opportunity With Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 48% Undervaluation?July 26, 2023 | finance.yahoo.comAnalysts Estimate Pactiv Evergreen Inc. (PTVE) to Report a Decline in Earnings: What to Look Out forJuly 17, 2023 | finance.yahoo.comPactiv Evergreen Inc. Schedules Second Quarter 2023 Financial ResultsJuly 10, 2023 | finance.yahoo.comIs Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 10% ROE Worse Than Average?July 5, 2023 | finance.yahoo.com11 Best Paper Stocks To Buy NowJune 26, 2023 | markets.businessinsider.comRBC Capital Remains a Buy on Pactiv Evergreen (PTVE)June 26, 2023 | seekingalpha.comPactiv Evergreen: Busted IPO Still Busted And Offering 5% Dividend YieldJune 21, 2023 | finance.yahoo.comPactiv Evergreen Achieves ISCC PLUS Certification at Four North America Manufacturing LocationsMay 23, 2023 | msn.comPactiv Evergreen's Return On Capital Employed OverviewMay 14, 2023 | seekingalpha.comPactiv Evergreen Inc. (PTVE) Q1 2023 Earnings Call TranscriptMay 14, 2023 | seekingalpha.comPactiv Evergreen Inc. 2023 Q1 - Results - Earnings Call PresentationMay 12, 2023 | msn.comMizuho Maintains Pactiv Evergreen (PTVE) Buy RecommendationSee More Headlines Receive PTVE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pactiv Evergreen and its competitors with MarketBeat's FREE daily newsletter. Email Address PTVE Company Calendar Last Earnings8/02/2023Ex-Dividend for 9/15 Dividend8/30/2023Dividend Payable9/15/2023Today10/02/2023Next Earnings (Estimated)11/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Bags: plastic, laminated, & coated Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:PTVE CUSIPN/A CIK1527508 Webwww.pactivevergreen.com Phone847-482-2000FaxN/AEmployees16,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.67 High Stock Price Forecast$12.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+34.3%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.41) Trailing P/E RatioN/A Forward P/E Ratio15.88 P/E GrowthN/ANet Income$318 million Net Margins-1.19% Pretax Margin-0.49% Return on Equity8.64% Return on Assets1.74% Debt Debt-to-Equity Ratio3.02 Current Ratio2.19 Quick Ratio1.09 Sales & Book Value Annual Sales$6.22 billion Price / Sales0.23 Cash Flow$2.59 per share Price / Cash Flow3.07 Book Value$8.73 per share Price / Book0.91Miscellaneous Outstanding Shares178,390,000Free Float177,619,000Market Cap$1.42 billion OptionableNot Optionable Beta1.33 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Michael Jack King (Age 43)Pres, CEO & Director Comp: $4.46MMr. Jonathan H. Baksht (Age 47)Chief Financial officer Comp: $2.15MMr. Douglas E. Owenby (Age 63)Chief Operations Officer Comp: $1.36MMr. Timothy A. Levenda (Age 55)Pres of Foodservice Comp: $2.31MMr. Eric A. Wulf (Age 41)Pres of Food & Beverage Merchandising Comp: $1.4MMark DuttSr. VP of Engineering & TechnologyMike BetzChief Information OfficerCurt WorthingtonVP of Strategy & Investor RelationsMs. Chandra J. Mitchell (Age 48)Chief Legal Officer & Corp. Sec. Danny PhillipsVP of Sales & Food MerchandisingMore ExecutivesKey CompetitorsReynolds Consumer ProductsNASDAQ:REYNMillerKnollNASDAQ:MLKNMadison Square Garden EntertainmentNYSE:MSGEAfyaNASDAQ:AFYAOxford IndustriesNYSE:OXMView All CompetitorsInstitutional OwnershipBarclays PLCBought 29,822 shares on 9/21/2023Ownership: 0.029%California State Teachers Retirement SystemSold 2,669 shares on 8/21/2023Ownership: 0.029%Nuveen Asset Management LLCSold 47,797 shares on 8/16/2023Ownership: 0.063%Royal Bank of CanadaSold 3,445 shares on 8/15/2023Ownership: 0.004%Citadel Advisors LLCSold 600 shares on 8/15/2023Ownership: 0.000%View All Institutional Transactions PTVE Stock - Frequently Asked Questions Should I buy or sell Pactiv Evergreen stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last year. 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 "moderate buy" PTVE shares. View PTVE analyst ratings or view top-rated stocks. What is Pactiv Evergreen's stock price forecast for 2023? 5 brokers have issued 12 month price targets for Pactiv Evergreen's stock. Their PTVE share price forecasts range from $9.00 to $12.00. On average, they anticipate the company's share price to reach $10.67 in the next year. This suggests a possible upside of 34.3% 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 2023? Pactiv Evergreen's stock was trading at $11.36 on January 1st, 2023. Since then, PTVE stock has decreased by 30.1% and is now trading at $7.94. View the best growth stocks for 2023 here. When is Pactiv Evergreen's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023. View our PTVE earnings forecast. How were Pactiv Evergreen's earnings last quarter? Pactiv Evergreen Inc. (NASDAQ:PTVE) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.53 billion. Pactiv Evergreen had a positive trailing twelve-month return on equity of 8.64% and a negative net margin of 1.19%. How often does Pactiv Evergreen pay dividends? What is the dividend yield for Pactiv Evergreen? Pactiv Evergreen declared a quarterly dividend on Tuesday, August 1st. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.10 per share on Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Wednesday, August 30th. 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). 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 4.92%. PTVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for PTVE. When did Pactiv Evergreen IPO? (PTVE) raised $800 million in an initial public offering (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. What is Pactiv Evergreen's stock symbol? Pactiv Evergreen trades on the NASDAQ under the ticker symbol "PTVE." 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 $7.94. How much money does Pactiv Evergreen make? Pactiv Evergreen (NASDAQ:PTVE) has a market capitalization of $1.42 billion and generates $6.22 billion in revenue each year. The company earns $318 million in net income (profit) each year or ($0.41) on an earnings per share basis. How many employees does Pactiv Evergreen have? The company employs 16,000 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 or via email at investorrelations@pactivevergreen.com. This page (NASDAQ:PTVE) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Pactiv Evergreen Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.