NASDAQ:PTVE Pactiv Evergreen (PTVE) Stock Forecast, Price & News $7.77 +0.26 (+3.46%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$7.53▼$7.8250-Day Range$6.87▼$8.3252-Week Range$6.85▼$12.46Volume356,442 shsAverage Volume246,135 shsMarket Capitalization$1.39 billionP/E Ratio10.09Dividend Yield5.15%Price Target$11.43 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Pactiv Evergreen MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside47.1% Upside$11.43 Price TargetShort InterestBearish5.20% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.92Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth51.72%From $0.58 to $0.88 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.2.77 out of 5 starsConsumer Discretionary Sector24th out of 254 stocksBags: Plastic, Laminated, & Coated Industry1st out of 2 stocks 3.3 Analyst's Opinion Consensus RatingPactiv Evergreen has received a consensus rating of 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 $11.43, Pactiv Evergreen has a forecasted upside of 47.1% from its current price of $7.77.Amount of Analyst CoveragePactiv Evergreen has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.20% 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 6.6.Change versus previous monthShort interest in Pactiv Evergreen has recently decreased by 3.92%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipPactiv Evergreen is a leading dividend payer. It pays a dividend yield of 5.57%, 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 CoverageThe dividend payout ratio of Pactiv Evergreen is 51.95%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Pactiv Evergreen will have a dividend payout ratio of 45.45% 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 2.2 News and Social Media Coverage News SentimentPactiv Evergreen has a news sentiment score of 0.92. 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 0.57 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Pactiv Evergreen this week, compared to 2 articles on an average week. 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 0.22% of the stock of Pactiv Evergreen is held by insiders.Percentage Held by InstitutionsOnly 21.48% of the stock of Pactiv Evergreen is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Pactiv Evergreen are expected to grow by 51.72% in the coming year, from $0.58 to $0.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pactiv Evergreen is 10.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Pactiv Evergreen is 10.09, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.23.Price to Book Value per Share RatioPactiv Evergreen has a P/B Ratio of 0.89. 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, 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.Read More 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 Stock News HeadlinesJune 4, 2023 | americanbankingnews.comPactiv Evergreen Inc. (NASDAQ:PTVE) Given Average Rating of "Moderate Buy" by AnalystsMay 28, 2023 | americanbankingnews.comPactiv Evergreen Inc. (PTVE) To Go Ex-Dividend on May 30thJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.May 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 RecommendationMay 11, 2023 | americanbankingnews.comPactiv Evergreen (NASDAQ:PTVE) Shares Gap Up Following Dividend AnnouncementJune 8, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.May 11, 2023 | americanbankingnews.comMizuho Lowers Pactiv Evergreen (NASDAQ:PTVE) Price Target to $11.00May 10, 2023 | markets.businessinsider.comPactiv Evergreen (PTVE) Receives a Hold from CitigroupMay 10, 2023 | msn.comPactiv Evergreen (PTVE) Declares $0.10 DividendMay 10, 2023 | finance.yahoo.comNot Many Are Piling Into Pactiv Evergreen Inc. (NASDAQ:PTVE) Just YetMay 10, 2023 | finanznachrichten.dePactiv Evergreen Inc.: Pactiv Evergreen Reports First Quarter 2023 Financial ResultsMay 9, 2023 | marketwatch.comPactiv Evergreen Reports First Quarter 2023 Financial ResultsMay 8, 2023 | americanbankingnews.comPactiv Evergreen Inc. (NASDAQ:PTVE) Receives $11.86 Average Target Price from AnalystsMay 7, 2023 | americanbankingnews.comPactiv Evergreen (PTVE) to Release Quarterly Earnings on MondayApril 21, 2023 | americanbankingnews.comPactiv Evergreen (NASDAQ:PTVE) Sees Strong Trading VolumeApril 18, 2023 | finance.yahoo.comQuite a few insiders invested in Pactiv Evergreen Inc. (NASDAQ:PTVE) last year which is positive news for shareholdersApril 17, 2023 | finance.yahoo.comPactiv Evergreen Inc. Schedules First Quarter 2023 Financial ResultsApril 13, 2023 | americanbankingnews.comPactiv Evergreen Inc. (NASDAQ:PTVE) Receives $11.86 Consensus Price Target from AnalystsApril 7, 2023 | americanbankingnews.comPactiv Evergreen (NASDAQ:PTVE) Sees Unusually-High Trading VolumeMarch 27, 2023 | finance.yahoo.comInvestors in Pactiv Evergreen (NASDAQ:PTVE) have unfortunately lost 18% over the last yearMarch 21, 2023 | americanbankingnews.comBrokerages Set Pactiv Evergreen Inc. (NASDAQ:PTVE) PT at $11.86March 18, 2023 | seekingalpha.comPactiv Evergreen: Too Many One-Off Events In FY23March 13, 2023 | msn.comWednesday Is Your Last Chance To Buy Pactiv Evergreen Before The Dividend PayoutMarch 13, 2023 | insidermonkey.comPactiv Evergreen Inc. (NASDAQ:PTVE) Q4 2022 Earnings Call TranscriptSee More Headlines PTVE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PTVE Company Calendar Ex-Dividend for 3/24 Dividend3/16/2023Dividend Payable3/24/2023Last Earnings5/08/2023Ex-Dividend for 6/15 Dividend5/30/2023Today6/08/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/02/2023Fiscal 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$11.43 High Stock Price Forecast$14.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+47.1%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.77 Trailing P/E Ratio10.09 Forward P/E Ratio13.40 P/E GrowthN/ANet Income$318 million Net Margins2.29% Pretax Margin3.85% Return on Equity11.27% Return on Assets2.21% Debt Debt-to-Equity Ratio2.88 Current Ratio2.26 Quick Ratio1.19 Sales & Book Value Annual Sales$6.22 billion Price / Sales0.22 Cash Flow$2.87 per share Price / Cash Flow2.71 Book Value$8.73 per share Price / Book0.89Miscellaneous Outstanding Shares178,280,000Free Float177,885,000Market Cap$1.39 billion OptionableNot Optionable Beta1.35 Key ExecutivesMr. Michael Jack King (Age 43)Pres, CEO & Director Comp: $1.56MMr. Douglas E. Owenby (Age 63)Chief Operations Officer Comp: $339.41kMr. Timothy A. Levenda (Age 55)Pres of Foodservice Comp: $1.91MMr. Eric A. Wulf (Age 41)Pres of Food Merchandising Comp: $1.15MMr. Jonathan H. Baksht (Age 47)Chief Financial officer Mark DuttSr. VP of Engineering & TechnologyMike BetzChief Information OfficerMr. Dhaval PatelSr. VP of Investor Relations & StrategyMs. Chandra J. Mitchell (Age 48)Chief Legal Officer & Corp. Sec. Mr. JD BowlinChief People Officer & Communications OfficerMore ExecutivesKey CompetitorsMonroNASDAQ:MNROMonarch Casino & ResortNASDAQ:MCRIGolden EntertainmentNASDAQ:GDENCimpressNASDAQ:CMPRXponential FitnessNYSE:XPOFView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 14,649 shares on 6/1/2023Ownership: 0.008%JPMorgan Chase & Co.Bought 4,499 shares on 5/18/2023Ownership: 0.030%New York State Common Retirement FundSold 6,700 shares on 5/18/2023Ownership: 0.013%Balyasny Asset Management L.P.Bought 11,868 shares on 5/16/2023Ownership: 0.007%Squarepoint Ops LLCBought 10,247 shares on 5/16/2023Ownership: 0.006%View All Insider TransactionsView 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 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. What is Pactiv Evergreen's stock price forecast for 2023? 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. How have PTVE shares performed in 2023? 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. 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 Wednesday, August 2nd 2023. View our PTVE earnings forecast. How were Pactiv Evergreen's earnings last quarter? 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%. How often does Pactiv Evergreen pay dividends? What is the dividend yield for Pactiv Evergreen? 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. 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), 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). 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 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. When did Pactiv Evergreen IPO? (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. 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 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. 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 $7.77. How much money does Pactiv Evergreen make? 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. 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 6/8/2023 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. 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