Pactiv Evergreen (PTVE) Stock Price, News & Analysis

7 Wall Street research 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 research analysts is that investors should "moderate buy" PTVE shares.
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7 Wall Street analysts have issued 12 month price objectives for Pactiv Evergreen's shares. Their PTVE share price targets range from $11.00 to $19.00. On average, they predict the company's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Pactiv Evergreen's stock was trading at $13.71 at the beginning of the year. Since then, PTVE shares have increased by 4.5% and is now trading at $14.33.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
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Pactiv Evergreen Inc. (NASDAQ:PTVE) released its quarterly earnings results on Friday, March, 1st. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.19. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.32 billion. Pactiv Evergreen had a negative net margin of 4.05% and a positive trailing twelve-month return on equity of 13.24%. The company's revenue was down 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS.

Pactiv Evergreen declared a quarterly dividend on Tuesday, February 27th. Shareholders 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 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, March 14th.
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 2.79%.
Read our dividend analysis for PTVE.

ETFs with the largest weight of Pactiv Evergreen (NASDAQ:PTVE) stock in their portfolio include EA Bridgeway Omni Small-Cap Value ETF (BSVO) and First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX).

Pactiv Evergreen (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 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.09%) 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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