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Pactiv Evergreen (PTVE)
NASDAQ:PTVE
Holding PTVE?
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PTVE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$8.83 - $17.65
Previous CloseN/A
Volume323.48K
Average Volume (3M)1.73M
Market Cap
$3.15B
Enterprise Value$5.69B
Total Cash (Recent Filing)$932.00M
Total Debt (Recent Filing)$11.32B
Price to Earnings (P/E)―
Beta1.55
Next Earnings
Feb 19, 2025EPS Estimate
0.37Next Dividend Ex-DateN/A
Dividend Yield2.27%
Share Statistics
EPS (TTM)-0.93
Shares Outstanding179,365,830
10 Day Avg. Volume701,177
30 Day Avg. Volume1,732,326
Standard Deviation0.13
R-Squared0.21
Alpha0.00194
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.61
Price to Cash Flow (P/CF)3.20
P/FCF Ratio4.20
Enterprise Value/Market Cap1.81
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit7.77
Enterprise Value/Ebitda26.11
Forecast
1Y Price Target
$17.80Price Target Upside1.48% Upside
Rating ConsensusHold
Number of Analyst Covering5
Pactiv Evergreen News
PremiumCompany Announcements
Pactiv Evergreen Merges with Novolex in $6.7B Deal
Bulls Say, Bears Say
Bulls Say
Financial PositionPactiv is fundamentally better positioned as the company heads into 2025 following the exit of the upstream Pine Bluff mill.
Market DynamicsThe combination of better volumes and lower resin costs and the removal of headwinds from the since-divested Pine Bluff mill are driving the shares.
Strategic CombinationThe industrial logic of the combination appears sound with both Novolex and PTVE producing and distributing packaging for various consumer end markets.
Bears Say
Industry ChallengesConsolidation is logical, as packagers struggle with organic volume growth and pricing power; further consolidation is likely necessary to improve sector profitability.
Operating EnvironmentThe operating environment for Pactiv Evergreen remains challenged near term.
Stock Rating DowngradeAnalyst is downgrading PTVE to Neutral with an $18 target, as there is limited upside to shares following the announced combination with Novolex.
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Ownership Overview
1.57% Insiders
6.63% Mutual Funds
9.04% Other Institutional Investors
77.33% Public Companies and Individual Investors
PTVE FAQ
What was Pactiv Evergreen’s price range in the past 12 months?
Pactiv Evergreen lowest stock price was $8.83 and its highest was $17.65 in the past 12 months.
What is Pactiv Evergreen’s market cap?
Pactiv Evergreen’s market cap is $3.15B.
When is Pactiv Evergreen’s upcoming earnings report date?
Pactiv Evergreen’s upcoming earnings report date is Feb 19, 2025 which is in 40 days.
How were Pactiv Evergreen’s earnings last quarter?
Pactiv Evergreen released its earnings results on Nov 12, 2024. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01.
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 N/A dividend of $0.4 which represents an annual dividend yield of 2.27%. See more information on Pactiv Evergreen dividends here
What is Pactiv Evergreen’s EPS estimate?
Pactiv Evergreen’s EPS estimate is 0.37.
How many shares outstanding does Pactiv Evergreen have?
Pactiv Evergreen has 179,365,830 shares outstanding.
What happened to Pactiv Evergreen’s price movement after its last earnings report?
Pactiv Evergreen reported an EPS of $0.36 in its last earnings report, beating expectations of $0.35. Following the earnings report the stock price went down -3.946%.
Which hedge fund is a major shareholder of Pactiv Evergreen?
Currently, no hedge funds are holding shares in PTVE
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Pactiv Evergreen Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$17.80 (1.48% Upside)
$17.80 (1.48% Upside)
Blogger Sentiment
Bullish
PTVE Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 15.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.2%
Last 30 Days ▼ 7.9%
Last 30 Days ▼ 7.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.34%
12-Months-Change
Fundamentals
Return on Equity
-13.75%
Trailing 12-Months
Asset Growth
-6.13%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, focusing on a shift towards core operations and cost efficiency despite facing significant challenges such as decreased revenues and operational issues at Pine Bluff. While financial performance for Q3 was strong and innovation continues to drive future growth prospects, current consumer demand and broader industry challenges remain a concern.Read More>---
PTVE Stock 12 Month Forecast
Average Price Target
$17.80
▲(1.48% Upside)
Technical Analysis
Graphic Packaging
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O-I Glass
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Sonoco Products
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Silgan Holdings
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Berry Global Group
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AptarGroup
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Best Analysts Covering PTVE
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+20.24%
reiterated a buy rating last month
Copying George Staphos's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +20.24% per trade.
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