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Pactiv Evergreen (PTVE)
NASDAQ:PTVE
Pactiv Evergreen (PTVE) Stock Price & Analysis
97 Followers
PTVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.67 - $15.84
Previous Close$13.46
Volume217.26K
Average Volume (3M)385.76K
Market Cap
$2.41B
Enterprise Value$6.12B
Total Cash (Recent Filing)$164.00M
Total Debt (Recent Filing)$3.87B
Price to Earnings (P/E)-28.4
Beta1.18
Next Earnings
Jul 31, 2024EPS Estimate
$0.26Next Dividend Ex-Date
May 31, 2024Dividend Yield2.97%
Share Statistics
EPS (TTM)-0.47
Shares Outstanding179,149,463
10 Day Avg. Volume327,998
30 Day Avg. Volume385,758
Standard Deviation0.12
R-Squared0.34
Alpha-0.00099
Financial Highlights & Ratios
Price to Book (P/B)-1.63
Price to Sales (P/S)1.89
Price to Cash Flow (P/CF)7.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.11
Enterprise Value/Gross Profit8.35
Enterprise Value/Ebitda13.94
Forecast
1Y Price Target
$16.17Price Target Upside20.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Pactiv Evergreen News
PremiumCompany Announcements
Pactiv Evergreen Announces Q1 2024 Dividend Payout
PremiumPress Releases
Pactiv Evergreen Inc. Declares Quarterly Dividend
Bulls Say, Bears Say
Bulls Say
Financial StrategyManagement is committed to deleveraging the balance sheet and has a clear goal to bring leverage down, indicating disciplined financial strategy.
Market PositionCompany grew organic volumes year over year in Foodservice, indicating market share gains.
Operational EfficiencyPEPs are expected to ramp up and drive operational improvement, with the goal of all plants achieving Bronze status and cost improvement potential across the footprint.
Bears Say
Consumer BehaviorLower consumer spending and foot traffic in restaurant channels appear to be primary contributors.
Financial PerformanceIf current trends persist, EBITDA will likely come in towards the lower-end of guidance.
Market ExpectationsInitial 2024 EBITDA guidance came in below consensus at the midpoint.
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Ownership Overview
1.49% Insiders
8.08% Mutual Funds
12.42% Other Institutional Investors
78.02% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PTVE FAQ
What was Pactiv Evergreen’s price range in the past 12 months?
Pactiv Evergreen lowest stock price was $6.67 and its highest was $15.84 in the past 12 months.
What is Pactiv Evergreen’s market cap?
Currently, no data Available
When is Pactiv Evergreen’s upcoming earnings report date?
Pactiv Evergreen’s upcoming earnings report date is Jul 31, 2024 which is in 73 days.
How were Pactiv Evergreen’s earnings last quarter?
Pactiv Evergreen released its earnings results on May 02, 2024. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.086 by $0.054.
Is Pactiv Evergreen overvalued?
According to Wall Street analysts Pactiv Evergreen’s price is currently Undervalued.
Does Pactiv Evergreen pay dividends?
Pactiv Evergreen pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 2.97%. See more information on Pactiv Evergreen dividends here
What is Pactiv Evergreen’s EPS estimate?
Pactiv Evergreen’s EPS estimate is $0.26.
How many shares outstanding does Pactiv Evergreen have?
Pactiv Evergreen has 179,149,460 shares outstanding.
What happened to Pactiv Evergreen’s price movement after its last earnings report?
Pactiv Evergreen reported an EPS of $0.14 in its last earnings report, beating expectations of $0.086. Following the earnings report the stock price went down -12.395%.
Which hedge fund is a major shareholder of Pactiv Evergreen?
Among the largest hedge funds holding Pactiv Evergreen’s share is Graham Capital Management, L.P.. It holds Pactiv Evergreen’s shares valued at N/A.
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Pactiv Evergreen Stock Smart Score
Outperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$16.17 (20.13% Upside)
$16.17 (20.13% Upside)
Blogger Sentiment
Bullish
PTVE Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 21.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 3.8%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
88.35%
12-Months-Change
Fundamentals
Return on Equity
-5.96%
Trailing 12-Months
Asset Growth
-9.23%
Trailing 12-Months
Company Description
Pactiv Evergreen
Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh food service and food merchandising products and fresh beverage cartons. The products are supplied to food service distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, food packers and food processors.
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PTVE Company Deck
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PTVE Earnings Call
Q1 2024
0:00 / 0:00
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PTVE Stock 12 Month Forecast
Average Price Target
$16.17
▲(20.13% Upside)
Technical Analysis
Best Analysts Covering PTVE
1 Year
1 Year Success Rate
12/23 ratings generated profit
1 Year Average Return
+20.11%
reiterated a buy rating 16 days ago
Copying Arun Viswanathan's trades and holding each position for 1 Year would result in 52.17% of your transactions generating a profit, with an average return of +20.11% per trade.
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