Pactiv Evergreen Inc. (PTVE)
NASDAQ: PTVE · IEX Real-Time Price · USD
11.49
-0.08 (-0.69%)
Jun 17, 2024, 4:00 PM EDT - Market closed

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 45.43% from the current stock price of 11.49.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $14 $16.71 $17 $19
Change +21.85% +45.43% +47.95% +65.36%
* 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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 666554
Buy 111111
Hold 012222
Sell 000000
Strong Sell 000000
Total 789887

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Buy
Maintains
$15$17
Strong Buy Maintains $15$17 +47.95% Apr 4, 2024
RBC Capital
RBC Capital
Buy
Reiterates
$18
Buy Reiterates $18 +56.66% Mar 4, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$16$15
Strong Buy Maintains $16$15 +30.55% Mar 4, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$13$14
Hold Maintains $13$14 +21.85% Mar 4, 2024
Baird
Baird
Hold
Maintains
$12$15
Hold Maintains $12$15 +30.55% Mar 4, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
5.19B4.69B5.44B6.22B5.51B5.43B5.58B5.68B
Revenue Growth
-2.20%-9.67%15.95%14.40%-11.41%-1.49%2.71%1.85%
EPS
0.68-0.180.131.77-1.261.251.431.52
EPS Growth
-67.31%--1,261.54%--14.99%6.33%
Forward PE
-----9.228.027.54
No. Analysts -----995
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
3.6%
6.4%
4.9%
Avg
-1.5%
2.7%
1.8%
Low
-7.5%
-2.3%
-2.2%

EPS Forecast

EPS 202420252026
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 202420252026
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.