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DOW   34,899.34
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S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:PTVE

Pactiv Evergreen Stock Forecast, Price & News

$13.22
-0.38 (-2.79%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$12.92
$13.57
50-Day Range
$10.90
$15.53
52-Week Range
$10.57
$19.61
Volume
62,200 shs
Average Volume
265,097 shs
Market Capitalization
$2.34 billion
P/E Ratio
10.33
Dividend Yield
2.94%
Beta
2.59
30 days | 90 days | 365 days | Advanced Chart
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Pactiv Evergreen logo

About Pactiv Evergreen

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, 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.

Headlines

PTVE Breaks Above 3% Yield Territory
November 23, 2021 |  nasdaq.com
Pactiv Evergreen (NASDAQ:PTVE) Shares Gap Down to $15.53
November 8, 2021 |  americanbankingnews.com
Pactiv Evergreen Reaches Analyst Target Price
November 8, 2021 |  nasdaq.com
Pactiv Evergreen (NASDAQ:PTVE) Releases Earnings Results
November 6, 2021 |  americanbankingnews.com
Pactiv Evergreen (NASDAQ:PTVE) Price Target Raised to $13.00
November 5, 2021 |  americanbankingnews.com
Where Pactiv Evergreen Stands With Analysts
November 5, 2021 |  markets.businessinsider.com
Pactiv Evergreen (NASDAQ:PTVE) Upgraded at Bank of America
November 4, 2021 |  americanbankingnews.com
Pactiv Evergreen Inc. (PTVE) Q3 Earnings Miss Estimates
November 3, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Bags: plastic, laminated, & coated
Sub-Industry
N/A
Current Symbol
NASDAQ:PTVE
Fax
N/A
Employees
14,600
Year Founded
N/A

Sales & Book Value

Annual Sales
$4.69 billion
Cash Flow
$3.59 per share
Book Value
$6.85 per share

Profitability

Net Income
$-27 million
Pretax Margin
-0.51%

Debt

Price-To-Earnings

Miscellaneous

Free Float
177,127,000
Market Cap
$2.34 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend
8/31/2021
Dividend Payable
9/15/2021
Last Earnings
11/03/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/23/2022

MarketRank

Overall MarketRank

2.52 out of 5 stars

Consumer Discretionary Sector

86th out of 389 stocks

Bags: Plastic, Laminated, & Coated Industry

1st out of 2 stocks

Analyst Opinion: 3.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -












Pactiv Evergreen (NASDAQ:PTVE) Frequently Asked Questions

Is Pactiv Evergreen a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Pactiv Evergreen stock.
View analyst ratings for Pactiv Evergreen
or view top-rated stocks.

When is Pactiv Evergreen's next earnings date?

Pactiv Evergreen is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Pactiv Evergreen
.

How were Pactiv Evergreen's earnings last quarter?

Pactiv Evergreen Inc. (NASDAQ:PTVE) issued its earnings results on Wednesday, November, 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.10. Pactiv Evergreen had a net margin of 4.50% and a trailing twelve-month return on equity of 11.91%. During the same period in the previous year, the business earned ($0.02) EPS.
View Pactiv Evergreen's earnings history
.

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

Pactiv Evergreen declared a quarterly dividend on Wednesday, November 3rd. Investors of record on Wednesday, December 1st will be paid a dividend of $0.10 per share on Wednesday, December 15th. This represents a $0.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, November 30th.
View Pactiv Evergreen's dividend history
.

Is Pactiv Evergreen a good dividend stock?

Pactiv Evergreen pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.94%. Pactiv Evergreen does not yet have a strong track record of dividend growth. The dividend payout ratio of Pactiv Evergreen is 31.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Pactiv Evergreen will have a dividend payout ratio of 33.06% next year. This indicates that Pactiv Evergreen will be able to sustain or increase its dividend.
View Pactiv Evergreen's dividend history.

What price target have analysts set for PTVE?

8 analysts have issued 12 month price objectives for Pactiv Evergreen's shares. Their forecasts range from $13.00 to $19.00. On average, they anticipate Pactiv Evergreen's share price to reach $16.25 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
View analysts' price targets for Pactiv Evergreen
or view top-rated stocks among Wall Street analysts.

Who are Pactiv Evergreen's key executives?

Pactiv Evergreen's management team includes the following people:
  • Mr. Michael Ragen, COO & CFO (Age 49, Pay $2.58M)
  • Mr. John T. McGrath, Consultant (Age 62, Pay $6.6M)
  • Mr. John P. Rooney, Pres of Beverage Merchandising (Age 57, Pay $2.81M)
  • Mr. Tim A. Levenda, Pres of Foodservice (Age 53, Pay $2.6M)
  • Mr. Eric Wulf, Pres of Food Merchandising (Age 39, Pay $1.52M)
  • Mr. Michael Jack King, CEO & Director (Age 41) (LinkedIn Profile)
  • Mr. Dhaval Patel, Sr. VP of Investor Relations & Strategy
  • Mr. Joseph E. Doyle, Group Legal Counsel & Assistant Sec. (Age 61)
  • Mr. Steven Karl, Chief Legal Officer & Corp. Sec.
  • Mr. JD Bowlin, Chief HR & Communications Officer

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 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 variety of institutional and retail investors. Top institutional investors include American Century Companies Inc. (3.35%), Rubric Capital Management LP (2.30%), Massachusetts Financial Services Co. MA (1.70%), BlackRock Inc. (1.62%), Frontier Capital Management Co. LLC (1.22%) and Towle & Co. (1.14%). Company insiders that own Pactiv Evergreen stock include John P Rooney, John T Mcgrath, Jonathan D Rich, Michael Jack King, Michael Ragen and Rolf Stangl.
View institutional ownership trends for Pactiv Evergreen
.

Which institutional investors are selling Pactiv Evergreen stock?

PTVE stock was sold by a variety of institutional investors in the last quarter, including Knightsbridge Asset Management LLC, Russell Investments Group Ltd., Massachusetts Financial Services Co. MA, Millennium Management LLC, Towle & Co., Peregrine Capital Management LLC, New York State Common Retirement Fund, and Royal Bank of Canada.
View insider buying and selling activity for Pactiv Evergreen
or view top insider-selling stocks.

Which institutional investors are buying Pactiv Evergreen stock?

PTVE stock was purchased by a variety of institutional investors in the last quarter, including Rubric Capital Management LP, Frontier Capital Management Co. LLC, Goldman Sachs Group Inc., American Century Companies Inc., Jade Capital Advisors LLC, SG Americas Securities LLC, BlackRock Inc., and Bank of New York Mellon Corp. Company insiders that have bought Pactiv Evergreen stock in the last two years include John P Rooney, John T Mcgrath, Jonathan D Rich, Michael Jack King, Michael Ragen, and Rolf Stangl.
View insider buying and selling activity for Pactiv Evergreen
or or view top insider-buying stocks.

How do I buy shares of Pactiv Evergreen?

Shares of PTVE 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 $13.22.

How much money does Pactiv Evergreen make?

Pactiv Evergreen has a market capitalization of $2.34 billion and generates $4.69 billion in revenue each year. The company earns $-27 million in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Pactiv Evergreen have?

Pactiv Evergreen employs 14,600 workers across the globe.

What is Pactiv Evergreen's official website?

The official website for Pactiv Evergreen is www.pactivevergreen.com.

Where are Pactiv Evergreen's headquarters?

Pactiv Evergreen is headquartered at 1900 West Field Court, Lake Forest IL, 60045.

How can I contact Pactiv Evergreen?

Pactiv Evergreen's mailing address is 1900 West Field Court, Lake Forest IL, 60045. The company can be reached via phone at 847-482-2000.


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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