Pactiv Evergreen Inc. (PTVE)
NASDAQ: PTVE · IEX Real-Time Price · USD
13.46
+0.01 (0.07%)
At close: May 17, 2024, 4:00 PM
14.00
+0.54 (4.01%)
After-hours: May 17, 2024, 4:47 PM EDT
Pactiv Evergreen Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Pactiv Evergreen stock have an average target of 16.71, with a low estimate of 14 and a high estimate of 19. The average target predicts an increase of 24.15% from the current stock price of 13.46.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 4, 2024.
Analyst Ratings
The average analyst rating for PTVE stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 6 | 6 | 6 | 5 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 0 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 7 | 8 | 9 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $15 → $17 | Strong Buy | Maintains | $15 → $17 | +26.30% | Apr 4, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $18 | Buy | Reiterates | $18 | +33.73% | Mar 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $16 → $15 | Strong Buy | Maintains | $16 → $15 | +11.44% | Mar 4, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $13 → $14 | Hold | Maintains | $13 → $14 | +4.01% | Mar 4, 2024 |
| Baird | Baird | Hold Maintains $12 → $15 | Hold | Maintains | $12 → $15 | +11.44% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
5.53B
from 5.51B
Increased by 0.29%
Revenue Next Year
5.64B
from 5.53B
Increased by 2.10%
EPS This Year
1.17
from -1.26
EPS Next Year
1.41
from 1.17
Increased by 20.41%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.8B | 5.9B | 6.0B |
| Avg | 5.5B | 5.6B | 5.8B |
| Low | 5.2B | 5.3B | 5.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.9% | 6.4% | 6.7% |
| Avg | 0.3% | 2.1% | 2.9% |
| Low | -6.2% | -4.1% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.33 | 1.62 | 1.77 |
| Avg | 1.17 | 1.41 | 1.60 |
| Low | 1.03 | 1.23 | 1.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 38.3% | 26.0% |
| Avg | - | 20.4% | 13.9% |
| Low | - | 4.8% | -2.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.