Pactiv Evergreen (NASDAQ:PTVE - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $1.28 billion for the quarter.
Pactiv Evergreen Stock Performance
Shares of NASDAQ:PTVE traded up $0.03 on Friday, hitting $17.86. 297,056 shares of the company were exchanged, compared to its average volume of 665,681. The company's 50 day moving average price is $17.66 and its two-hundred day moving average price is $14.31. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -19.41, a PEG ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.04 and a current ratio of 1.93. Pactiv Evergreen has a one year low of $8.83 and a one year high of $17.88.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on PTVE. UBS Group lowered Pactiv Evergreen from a "buy" rating to a "neutral" rating and boosted their price target for the company from $16.00 to $18.00 in a research note on Friday, January 10th. Royal Bank of Canada restated a "sector perform" rating and set a $18.00 price objective (up from $14.00) on shares of Pactiv Evergreen in a research report on Thursday, December 19th. Jefferies Financial Group restated a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Pactiv Evergreen in a research note on Wednesday, December 18th. Finally, Citigroup reiterated a "neutral" rating and set a $18.00 price target (up previously from $13.00) on shares of Pactiv Evergreen in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Pactiv Evergreen currently has an average rating of "Hold" and an average price target of $16.33.
Check Out Our Latest Stock Analysis on PTVE
About Pactiv Evergreen
(
Get Free Report)
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.
Further Reading
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