Pactiv Evergreen - PTVE Stock Forecast, Price & News

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.

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

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%.

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.

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.

(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.

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

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.
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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 $11.89.

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.

The company employs 16,200 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.