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BABA   86.53 (-0.24%)
AMD   103.27 (+0.44%)
T   14.67 (-2.33%)
F   12.31 (-0.89%)
MU   67.96 (-0.10%)
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PFE   33.94 (+2.32%)
PYPL   58.56 (+0.17%)
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NASDAQ:PTVE

Pactiv Evergreen (PTVE) Stock Forecast, Price & News

$7.99
-0.14 (-1.72%)
(As of 04:00 PM ET)
Compare
Today's Range
$7.89
$8.12
50-Day Range
$7.47
$8.68
52-Week Range
$6.85
$12.46
Volume
110,737 shs
Average Volume
216,583 shs
Market Capitalization
$1.43 billion
P/E Ratio
N/A
Dividend Yield
5.01%
Price Target
$10.67

Pactiv Evergreen MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
33.5% Upside
$10.67 Price Target
Short Interest
Healthy
4.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.77mentions of Pactiv Evergreen in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
70.00%
From $0.50 to $0.85 Per Share

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 stars

Consumer Discretionary Sector

94th out of 276 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, 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.

PTVE Price History

PTVE Stock News Headlines

Pactiv Evergreen: Changes Are Set In Motion
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 >>>
Pactiv Evergreen: Topline Shrinking As Volumes Decline
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 >>>
RBC Capital Reaffirms Their Buy Rating on Pactiv Evergreen (PTVE)
Pactiv Evergreen (NASDAQ: PTVE)
Pactiv Evergreen (PTVE) Gets a Buy from RBC Capital
Earnings Outlook For Pactiv Evergreen
11 Best Paper Stocks To Buy Now
RBC Capital Remains a Buy on Pactiv Evergreen (PTVE)
See More Headlines
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PTVE Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
10/02/2023
Next Earnings (Estimated)
11/06/2023
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
$10.67
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+34.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$318 million
Pretax Margin
-0.49%

Debt

Sales & Book Value

Annual Sales
$6.22 billion
Cash Flow
$2.59 per share
Book Value
$8.73 per share

Miscellaneous

Free Float
177,619,000
Market Cap
$1.42 billion
Optionable
Not Optionable
Beta
1.33
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Key Executives

  • Mr. Michael Jack KingMr. Michael Jack King (Age 43)
    Pres, CEO & Director
    Comp: $4.46M
  • Mr. Jonathan H. Baksht (Age 47)
    Chief Financial officer
    Comp: $2.15M
  • Mr. Douglas E. Owenby (Age 63)
    Chief Operations Officer
    Comp: $1.36M
  • Mr. Timothy A. Levenda (Age 55)
    Pres of Foodservice
    Comp: $2.31M
  • Mr. Eric A. Wulf (Age 41)
    Pres of Food & Beverage Merchandising
    Comp: $1.4M
  • Mark Dutt
    Sr. VP of Engineering & Technology
  • Mike Betz
    Chief Information Officer
  • Curt Worthington
    VP of Strategy & Investor Relations
  • Ms. Chandra J. Mitchell (Age 48)
    Chief Legal Officer & Corp. Sec.
  • Danny Phillips
    VP of Sales & Food Merchandising













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

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