Pactiv Evergreen (PTVE) Stock Forecast & Price Target

$11.34

-0.10 (-0.87%)

(As of 05:17 PM ET)

Pactiv Evergreen - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
2

Buy
5

Based on 7 Wall Street analysts who have issued ratings for Pactiv Evergreen in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for PTVE.

Consensus Price Target

$14.57
26.82% Upside

According to the 7 analysts' twelve-month price targets for Pactiv Evergreen, the average price target is $14.57. The highest price target for PTVE is $18.00, while the lowest price target for PTVE is $12.00. The average price target represents a forecasted upside of 26.82% from the current price of $11.34.

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PTVE Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$14.57	$14.57	$15.43	$10.50
Forecasted Upside	26.82% Upside	26.16% Upside	58.57% Upside	23.09% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PTVE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PTVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Pactiv Evergreen Stock vs. The Competition

Type	Pactiv Evergreen	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.71	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	26.16% Upside	1,199.18% Upside	10.09% Upside
News Sentiment Rating	Positive News See Recent PTVE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/8/2024	UBS Group 4 of 5 stars	Lower Target	Buy ➝ Buy	$16.00 ➝ $15.00	+43.95%
8/7/2024	Royal Bank of Canada 4 of 5 stars	Lower Target	Outperform ➝ Outperform	$15.00 ➝ $13.00	+27.08%
8/2/2024	Robert W. Baird 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$15.00 ➝ $12.00	+23.33%
7/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$16.00 ➝ $14.00	+24.56%
3/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$12.50 ➝ $14.00	+5.58%
1/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$18.00	+27.48%
Get the Latest News and Ratings for PTVE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Pactiv Evergreen and its competitors with MarketBeat's FREE daily newsletter.
1/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$14.00 ➝ $16.00	+16.70%
5/10/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$14.00 ➝ $11.00	+46.86%
3/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$13.00 ➝ $12.00	+21.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:46 PM ET.

PTVE Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Pactiv Evergreen is $14.57, with a high forecast of $18.00 and a low forecast of $12.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pactiv Evergreen in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PTVE shares.
: According to analysts, Pactiv Evergreen's stock has a predicted upside of 28.50% based on their 12-month stock forecasts.
: Pactiv Evergreen has been rated by research analysts at Robert W. Baird, Royal Bank of Canada, and UBS Group in the past 90 days.
: Analysts like Pactiv Evergreen more than other "consumer discretionary" companies. The consensus rating score for Pactiv Evergreen is 2.71 while the average consensus rating score for "consumer discretionary" companies is 2.58. Learn more on how PTVE compares to other companies.

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This page (NASDAQ:PTVE) was last updated on 10/31/2024 by MarketBeat.com Staff

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Pactiv Evergreen (PTVE) Stock Forecast & Price Target