Pactiv Evergreen (PTVE) Stock Price, News & Analysis

Company Overview

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. The Food and Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, including dairy, juice, and other specialty beverage; clear rigid-display containers, containers for prepared and ready-to-eat food, and trays for meat and poultry and egg cartons; fiber-based liquid packaging board; and supplies fresh carton systems comprises printed cartons, spouts, and filling machinery. It serves its products to full-service restaurants, quick service restaurants, foodservice distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, and food packers and food processors. The company was formerly known as Reynolds Group Holdings Limited. The company was founded in 1880 and is headquartered in Lake Forest, Illinois. Pactiv Evergreen Inc. is a subsidiary of Packaging Finance Limited.

Key Stats

• Today's Range: $17.25 to $17.34
• 50-Day Range: $11.22 to $17.36
• 52-Week Range: $8.83 to $17.61
• Volume: 1.44 million shs
• Average Volume: 531,241 shs
• Market Capitalization: $3.10 billion
• P/E Ratio: N/A
• Dividend Yield: 2.32%
• Price Target: $15.86
• Consensus Rating: Hold

Pactiv Evergreen Stock Analysis - MarketRank™

Pactiv Evergreen scored higher than 28% of companies evaluated by MarketBeat, and ranked 145th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Pactiv Evergreen has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Pactiv Evergreen has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 19.42%

Earnings Growth

Earnings for Pactiv Evergreen are expected to grow by 19.42% in the coming year, from $1.03 to $1.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pactiv Evergreen is -18.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pactiv Evergreen is -18.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Pactiv Evergreen has a PEG Ratio of 1.70. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Pactiv Evergreen has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.41% of the float of Pactiv Evergreen has been sold short.

Short Interest Ratio / Days to Cover

Pactiv Evergreen has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pactiv Evergreen has recently increased by 11.57%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Pactiv Evergreen pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Pactiv Evergreen does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Pactiv Evergreen will have a dividend payout ratio of 32.52% next year. This indicates that Pactiv Evergreen will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.41% of the float of Pactiv Evergreen has been sold short.

Short Interest Ratio / Days to Cover

Pactiv Evergreen has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pactiv Evergreen has recently increased by 11.57%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.15

News Sentiment

Pactiv Evergreen has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Pactiv Evergreen this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for PTVE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

4 people have added Pactiv Evergreen to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Pactiv Evergreen insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.62% of the stock of Pactiv Evergreen is held by insiders.

Percentage Held by Institutions

Only 22.23% of the stock of Pactiv Evergreen is held by institutions.

PTVE Stock Analysis - Frequently Asked Questions

How have PTVE shares performed this year?

Pactiv Evergreen's stock was trading at $13.71 at the beginning of 2024. Since then, PTVE shares have increased by 26.0% and is now trading at $17.27.
View the best growth stocks for 2024 here.

How were Pactiv Evergreen's earnings last quarter?

Pactiv Evergreen Inc. (NASDAQ:PTVE) issued its quarterly earnings data on Tuesday, November, 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company's revenue for the quarter was down 3.3% on a year-over-year basis.

When did Pactiv Evergreen IPO?

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 a price of $18.00-$21.00 per share. Credit Suisse, Citigroup, BofA Securities and Goldman Sachs & Co acted 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.

Who are Pactiv Evergreen's major shareholders?

Pactiv Evergreen's top institutional shareholders include Geode Capital Management LLC (0.61%), State Street Corp (0.55%), Charles Schwab Investment Management Inc. (0.55%) and Empowered Funds LLC (0.41%). Insiders that own company stock include Tim A Levenda, Rolf Stangl, Allen Hugli and Eric Wulf.
View institutional ownership trends.

How do I buy shares of Pactiv Evergreen?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Pactiv Evergreen own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pactiv Evergreen investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 11/12/2024
• Ex-Dividend for 12/13 Dividend: 12/02/2024
• Dividend Payable: 12/13/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Bags: plastic, laminated, & coated
• Sub-Industry: Business Supplies
• Current Symbol: NASDAQ:PTVE
• CUSIP: N/A
• CIK: 1527508
• Web: www.pactivevergreen.com
• Phone: 847-482-2000
• Fax: N/A
• Employees: 15,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.86
• High Stock Price Target: $18.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -8.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.92)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 16.77
• P/E Growth: 1.7
• Net Income: $-223,000,000.00
• Net Margins: -3.16%
• Pretax Margin: -3.48%
• Return on Equity: 14.41%
• Return on Assets: 2.93%

Debt

• Debt-to-Equity Ratio: 3.26
• Current Ratio: 1.93
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $5.20 billion
• Price / Sales: 0.60
• Cash Flow: $4.34 per share
• Price / Cash Flow: 3.98
• Book Value: $7.56 per share
• Price / Book: 2.28

Miscellaneous

• Outstanding Shares: 179,291,000
• Free Float: 178,179,000
• Market Cap: $3.10 billion
• Optionable: Optionable
• Beta: 1.35