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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge
NASDAQ:PTVE

Pactiv Evergreen (PTVE) Stock Forecast, Price & News

$7.77
+0.26 (+3.46%)
(As of 06/7/2023 ET)
Compare
Today's Range
$7.53
$7.82
50-Day Range
$6.87
$8.32
52-Week Range
$6.85
$12.46
Volume
356,442 shs
Average Volume
246,135 shs
Market Capitalization
$1.39 billion
P/E Ratio
10.09
Dividend Yield
5.15%
Price Target
$11.43

Pactiv Evergreen MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
47.1% Upside
$11.43 Price Target
Short Interest
Bearish
5.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of Pactiv Evergreen in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
51.72%
From $0.58 to $0.88 Per Share

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 stars

Consumer Discretionary Sector

24th out of 254 stocks

Bags: Plastic, Laminated, & Coated Industry

1st out of 2 stocks


PTVE stock logo

About Pactiv Evergreen (NASDAQ:PTVE) Stock

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, 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.

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PTVE Stock News Headlines

Pactiv Evergreen Inc. (PTVE) To Go Ex-Dividend on May 30th
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (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.
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (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.
Pactiv Evergreen (PTVE) Receives a Hold from Citigroup
Pactiv Evergreen (NASDAQ:PTVE) Sees Strong Trading Volume
Brokerages Set Pactiv Evergreen Inc. (NASDAQ:PTVE) PT at $11.86
Pactiv Evergreen: Too Many One-Off Events In FY23
See More Headlines

PTVE Price History

PTVE Company Calendar

Ex-Dividend for 3/24 Dividend
3/16/2023
Dividend Payable
3/24/2023
Last Earnings
5/08/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Today
6/08/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

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 Forecast
$11.43
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+47.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$318 million
Pretax Margin
3.85%

Debt

Sales & Book Value

Annual Sales
$6.22 billion
Cash Flow
$2.87 per share
Book Value
$8.73 per share

Miscellaneous

Free Float
177,885,000
Market Cap
$1.39 billion
Optionable
Not Optionable
Beta
1.35

Key Executives

  • Mr. Michael Jack KingMr. Michael Jack King (Age 43)
    Pres, CEO & Director
    Comp: $1.56M
  • Mr. Douglas E. Owenby (Age 63)
    Chief Operations Officer
    Comp: $339.41k
  • Mr. Timothy A. Levenda (Age 55)
    Pres of Foodservice
    Comp: $1.91M
  • Mr. Eric A. Wulf (Age 41)
    Pres of Food Merchandising
    Comp: $1.15M
  • Mr. Jonathan H. Baksht (Age 47)
    Chief Financial officer
  • Mark Dutt
    Sr. VP of Engineering & Technology
  • Mike Betz
    Chief Information Officer
  • Mr. Dhaval Patel
    Sr. VP of Investor Relations & Strategy
  • Ms. Chandra J. Mitchell (Age 48)
    Chief Legal Officer & Corp. Sec.
  • Mr. JD Bowlin
    Chief People Officer & Communications Officer













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
.

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

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