Should I buy or sell Pactiv Evergreen stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

7 Wall Street analysts have issued 12 month price targets for Pactiv Evergreen's shares. Their PTVE share price targets range from $11.00 to $19.00. On average, they anticipate the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 13.2% 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 2024?

Pactiv Evergreen's stock was trading at $13.71 at the beginning of 2024. Since then, PTVE shares have increased by 3.1% and is now trading at $14.14. View the best growth stocks for 2024 here .

When is Pactiv Evergreen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our PTVE earnings forecast .

How were Pactiv Evergreen's earnings last quarter?

Pactiv Evergreen Inc. (NASDAQ:PTVE) posted its quarterly earnings results on Friday, March, 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.19. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. Pactiv Evergreen had a positive trailing twelve-month return on equity of 13.24% and a negative net margin of 4.05%. Pactiv Evergreen's quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS.

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

Pactiv Evergreen announced a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, March 14th. 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 2.81%. 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 EA Bridgeway Omni Small-Cap Value ETF (BSVO) , First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX) . Invesco MSCI Global Timber ETF (CUT) .

When did Pactiv Evergreen IPO?

Pactiv Evergreen (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.

Who are Pactiv Evergreen's major shareholders?

Pactiv Evergreen's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.09%), Oliver Luxxe Assets LLC (0.03%) and Counterpoint Mutual Funds LLC (0.03%). Insiders that own company stock include Allen Hugli , Eric Wulf , Michael Jack King , 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PTVE

Pactiv Evergreen (PTVE) Stock Price, News & Analysis

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$14.14

-0.10 (-0.70%)

(As of 04/18/2024 ET)

Compare

Today's Range: $14.07
▼
$14.58
50-Day Range: $12.99
▼
$15.26
52-Week Range: $6.85
▼
$15.51

Volume: 267,064 shs
Average Volume: 313,662 shs
Market Capitalization: $2.52 billion

P/E Ratio: N/A
Dividend Yield: 2.83%
Price Target: $16.00

Get Pactiv Evergreen alerts:

Pactiv Evergreen MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 13.2% Upside
$16.00 Price Target
Short Interest: Healthy
2.33% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.50
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.93%
From $1.13 to $1.31 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.81 out of 5 stars

Consumer Discretionary Sector

117th out of 267 stocks

Bags: Plastic, Laminated, & Coated Industry

1st out of 2 stocks

2.4

Analyst's Opinion

Consensus Rating
Pactiv Evergreen has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Pactiv Evergreen has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.33% of the float of Pactiv Evergreen has been sold short.
Short Interest Ratio / Days to Cover
Pactiv Evergreen has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pactiv Evergreen has recently increased by 2.88%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Pactiv Evergreen pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Pactiv Evergreen does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Pactiv Evergreen will have a dividend payout ratio of 30.53% next year. This indicates that Pactiv Evergreen will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PTVE.

2.5

News and Social Media Coverage

News Sentiment
Pactiv Evergreen has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Pactiv Evergreen this week, compared to 2 articles on an average week.
Search Interest
10 people have searched for PTVE on MarketBeat in the last 30 days. This is an increase of 900% compared to the previous 30 days.
MarketBeat Follows
6 people have added Pactiv Evergreen to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pactiv Evergreen insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.43% of the stock of Pactiv Evergreen is held by insiders.
Percentage Held by Institutions
Only 22.23% of the stock of Pactiv Evergreen is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Pactiv Evergreen are expected to grow by 15.93% in the coming year, from $1.13 to $1.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pactiv Evergreen is -11.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pactiv Evergreen is -11.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Pactiv Evergreen has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Pactiv Evergreen has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Pactiv Evergreen Stock (NASDAQ:PTVE)

Pactiv Evergreen Inc. manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in the United States, rest of North America, and internationally. It operates in two segments, Foodservice, and Food and Beverage Merchandising. The Foodservice segment offers food containers; drinkware, such as hot and cold cups and lids; and tableware, service ware, and other products. The Food and Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, including dairy, juice, and other specialty beverage; clear rigid-display containers, containers for prepared and ready-to-eat food, and trays for meat and poultry and egg cartons; fiber-based liquid packaging board; and supplies fresh carton systems comprises printed cartons, spouts, and filling machinery. It serves its products to 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. The company was founded in 1880 and is headquartered in Lake Forest, Illinois. Pactiv Evergreen Inc. is a subsidiary of Packaging Finance Limited.

PTVE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PTVE Stock News Headlines

April 18, 2024 | globenewswire.com

Pactiv Evergreen Inc. Schedules First Quarter 2024 Financial Results

April 12, 2024 | finance.yahoo.com

Pactiv Evergreen Inc. (PTVE) Stock Moves -1.1%: What You Should Know

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April 11, 2024 | americanbankingnews.com

Pactiv Evergreen Inc. (NASDAQ:PTVE) Receives Consensus Rating of "Moderate Buy" from Brokerages

March 21, 2024 | seekingalpha.com

Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends

March 6, 2024 | finance.yahoo.com

Pactiv Evergreen Inc. (NASDAQ:PTVE) Q4 2023 Earnings Call Transcript

March 5, 2024 | markets.businessinsider.com

Analysts Are Neutral on These Consumer Cyclical Stocks: Redbubble Ltd. (RDBBF), Pactiv Evergreen (PTVE)

March 4, 2024 | markets.businessinsider.com

Expert Outlook: Pactiv Evergreen Through The Eyes Of 9 Analysts

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March 4, 2024 | markets.businessinsider.com

These Analysts Revise Their Forecasts On Pactiv Evergreen After Q4 Results

March 3, 2024 | seekingalpha.com

Pactiv Evergreen Inc. (PTVE) Q4 2023 Earnings Call Transcript

March 2, 2024 | benzinga.com

Pactiv Evergreen: Q4 Earnings Insights

March 2, 2024 | finance.yahoo.com

Q4 2023 Pactiv Evergreen Inc Earnings Call

March 1, 2024 | markets.businessinsider.com

Goldman Sachs Keeps Their Hold Rating on Pactiv Evergreen (PTVE)

March 1, 2024 | fool.com

Why Pactiv Evergreen Stock Was Falling Today

March 1, 2024 | seekingalpha.com

Pactiv Evergreen Inc. 2023 Q4 - Results - Earnings Call Presentation

March 1, 2024 | finanznachrichten.de

Pactiv Evergreen Inc.: Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results

February 29, 2024 | finance.yahoo.com

Pactiv Evergreen Inc. (PTVE) Reports Q4 and Full Year 2023 Financial Results

February 29, 2024 | finance.yahoo.com

Pactiv Evergreen Inc. Declares Quarterly Dividend

February 29, 2024 | finance.yahoo.com

Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results

February 29, 2024 | globenewswire.com

Pactiv Evergreen Inc. Declares Quarterly Dividend

February 29, 2024 | globenewswire.com

Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results

February 28, 2024 | msn.com

Pactiv Evergreen Q4 2023 Earnings Preview

February 17, 2024 | finance.yahoo.com

PTVE Mar 2024 10.000 call

February 15, 2024 | finance.yahoo.com

Pactiv Evergreen Inc. Schedules Fourth Quarter 2023 Financial Results

February 15, 2024 | globenewswire.com

Pactiv Evergreen Inc. Schedules Fourth Quarter 2023 Financial Results

February 13, 2024 | markets.businessinsider.com

5 Analysts Have This To Say About Pactiv Evergreen

See More Headlines

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Company Calendar

Last Earnings: 3/01/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Bags: plastic, laminated, & coated
Sub-Industry: N/A
Current Symbol: NASDAQ:PTVE
CUSIP: N/A
CIK: 1527508
Web: www.pactivevergreen.com
Phone: 847-482-2000
Fax: N/A
Employees: 15,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $16.00
High Stock Price Target: $19.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +13.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.51
P/E Growth: 0.93
Net Income: $-223,000,000.00
Net Margins: -4.05%
Pretax Margin: -4.08%
Return on Equity: 13.24%
Return on Assets: 2.67%

Debt

Debt-to-Equity Ratio: 2.69
Current Ratio: 2.00
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $5.51 billion
Price / Sales: 0.46
Cash Flow: $4.21 per share
Price / Cash Flow: 3.36
Book Value: $7.56 per share
Price / Book: 1.87

Miscellaneous

Outstanding Shares: 178,560,000
Free Float: 177,789,000
Market Cap: $2.52 billion
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Michael Jack King (Age 44)
President, CEO & Director
Comp: $4.46M
Mr. Jonathan H. Baksht (Age 48)
Chief Financial officer
Comp: $2.15M
Mr. Douglas E. Owenby (Age 64)
Chief Operations Officer
Comp: $1.36M
Mr. Timothy A. Levenda (Age 56)
President of Foodservice
Comp: $2.31M
Mr. Eric A. Wulf (Age 42)
President of Food & Beverage Merchandising
Comp: $1.4M
Tommy Darby
Chief Accounting Officer
Mike Betz
Chief Information Officer
Curt Worthington
Vice President of Strategy & Investor Relations
Ms. Chandra J. Mitchell (Age 50)
Chief Legal Officer & Corporate Secretary
Sandy Cobden
Chief Counsel of Litigation & Compliance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PTVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Pactiv Evergreen stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 7 Wall Street analysts have issued 12 month price targets for Pactiv Evergreen's shares. Their PTVE share price targets range from $11.00 to $19.00. On average, they anticipate the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 13.2% 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 2024?: Pactiv Evergreen's stock was trading at $13.71 at the beginning of 2024. Since then, PTVE shares have increased by 3.1% and is now trading at $14.14.
View the best growth stocks for 2024 here.
When is Pactiv Evergreen's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our PTVE earnings forecast.
How were Pactiv Evergreen's earnings last quarter?: Pactiv Evergreen Inc. (NASDAQ:PTVE) posted its quarterly earnings results on Friday, March, 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.19. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. Pactiv Evergreen had a positive trailing twelve-month return on equity of 13.24% and a negative net margin of 4.05%. Pactiv Evergreen's quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS.
How often does Pactiv Evergreen pay dividends? What is the dividend yield for Pactiv Evergreen?: Pactiv Evergreen announced a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, March 14th.
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 2.81%.
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 EA Bridgeway Omni Small-Cap Value ETF (BSVO), First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX).Invesco MSCI Global Timber ETF (CUT).
When did Pactiv Evergreen IPO?: Pactiv Evergreen (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.
Who are Pactiv Evergreen's major shareholders?: Pactiv Evergreen's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.09%), Oliver Luxxe Assets LLC (0.03%) and Counterpoint Mutual Funds LLC (0.03%). Insiders that own company stock include Allen Hugli, Eric Wulf, Michael Jack King, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PTVE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Pactiv Evergreen (PTVE) Stock Price, News & Analysis

Pactiv Evergreen MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Pactiv Evergreen Stock (NASDAQ:PTVE)

PTVE Stock Price History

PTVE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

PTVE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™