Pactiv Evergreen Inc. (PTVE)
NASDAQ: PTVE · IEX Real-Time Price · USD
12.52
-0.29 (-2.26%)
At close: Jul 19, 2024, 4:00 PM
12.48
-0.04 (-0.32%)
Pre-market: Jul 22, 2024, 7:00 AM 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 15.86, with a low estimate of 14 and a high estimate of 18. The average target predicts an increase of 26.68% from the current stock price of 12.52.
Analyst Consensus: Strong Buy
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 5 | 5 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 8 | 8 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $19 → $16 | Strong Buy | Maintains | $19 → $16 | +27.80% | Jul 17, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $16 → $14 | Strong Buy | Maintains | $16 → $14 | +11.82% | Jul 8, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $15 → $17 | Strong Buy | Maintains | $15 → $17 | +35.78% | Apr 4, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $18 | Buy | Reiterates | $18 | +43.77% | Mar 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $16 → $15 | Strong Buy | Maintains | $16 → $15 | +19.81% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
5.43B
from 5.51B
Decreased by -1.49%
Revenue Next Year
5.58B
from 5.43B
Increased by 2.71%
EPS This Year
1.25
from -1.26
EPS Next Year
1.43
from 1.25
Increased by 14.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.7B | 5.8B | 5.8B |
| Avg | 5.4B | 5.6B | 5.7B |
| Low | 5.1B | 5.3B | 5.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.6% | 6.4% | 4.9% |
| Avg | -1.5% | 2.7% | 1.8% |
| Low | -7.5% | -2.3% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.47 | 1.73 | 1.67 |
| Avg | 1.25 | 1.43 | 1.52 |
| Low | 1.08 | 1.18 | 1.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 39.0% | 16.5% |
| Avg | - | 15.0% | 6.3% |
| Low | - | -5.6% | -4.4% |
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.