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Pactiv Evergreen (PTVE)
NASDAQ:PTVE
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PTVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.83 - $17.61
Previous Close$17.28
Volume1.34M
Average Volume (3M)748.55K
Market Cap
$3.10B
Enterprise Value$6.71B
Total Cash (Recent Filing)$168.00M
Total Debt (Recent Filing)$3.78B
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Feb 19, 2025EPS Estimate
$0.36Last Dividend Ex-Date
Dec 02, 2024Dividend Yield2.31%
Share Statistics
EPS (TTM)-0.93
Shares Outstanding179,291,280
10 Day Avg. Volume3,188,958
30 Day Avg. Volume748,552
Standard Deviation0.12
R-Squared0.27
Alpha-0.00601
Financial Highlights & Ratios
Price to Book (P/B)2.86
Price to Sales (P/S)0.60
Price to Cash Flow (P/CF)3.20
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.29
Enterprise Value/Gross Profit9.16
Enterprise Value/Ebitda30.80
Forecast
1Y Price Target
$16.40Price Target Upside-5.31% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Pactiv Evergreen News
Bulls Say, Bears Say
Bulls Say
Business CombinationThe combination of Novolex and PTVE creates a diverse packaging company with over 250 brands and a wide variety of fiber, resin, and recycled offerings.
Financial PositionPactiv is better positioned financially following the exit of the Pine Bluff mill, which boosts EBITDA and free cash flow due to reduced capital and interest expenses.
Market PerformanceShares gained approximately 14% following Bloomberg headlines, highlighting positive market sentiment and potential upside to the Price Objective.
Bears Say
Financial PerformanceA period of earnings consistency is needed before investors ascribe valuation multiple expansion to the enterprise.
Industry ChallengesConsolidation is logical, as packagers struggle with organic volume growth and pricing power; further consolidation is likely necessary to improve sector profitability.
Stock RatingAnalyst 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
1.27% Insiders
6.60% Mutual Funds
9.04% Other Institutional Investors
77.45% 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 $8.83 and its highest was $17.61 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 Feb 19, 2025 which is in 59 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 Overvalued.
Does Pactiv Evergreen pay dividends?
Pactiv Evergreen pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 2.31%. See more information on Pactiv Evergreen dividends here
What is Pactiv Evergreen’s EPS estimate?
Pactiv Evergreen’s EPS estimate is $0.36.
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?
Among the largest hedge funds holding Pactiv Evergreen’s share is Caxton Associates LP. It holds Pactiv Evergreen’s shares valued at 191K.
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Pactiv Evergreen Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$16.40 (-5.31% Downside)
$16.40 (-5.31% Downside)
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
Neutral
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
41.69%
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
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PTVE Stock 12 Month Forecast
Average Price Target
$16.40
▼(-5.31% Downside)
Technical Analysis
Best Analysts Covering PTVE
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+18.76%
reiterated a buy rating 19 days ago
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 +18.76% per trade.
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