At the time of writing, Pactiv Evergreen Inc [PTVE] stock is trading at $12.56, up 1.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PTVE shares have gain 8.93% over the last week, with a monthly amount glided 5.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pactiv Evergreen Inc [NASDAQ: PTVE] stock has seen the most recent analyst activity on January 19, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $18. Previously, UBS started tracking the stock with Buy rating on January 16, 2024, and set its price target to $19. On January 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $16 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $16 on January 02, 2024. Citigroup downgraded its rating to a Neutral and reduced its price target to $10 on May 23, 2022. RBC Capital Mkts upgraded its rating to Outperform for this stock on May 06, 2022, and upped its price target to $13. In a note dated April 14, 2022, BofA Securities downgraded an Neutral rating on this stock but restated the target price of $13.
For the past year, the stock price of Pactiv Evergreen Inc fluctuated between $8.83 and $15.84. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Pactiv Evergreen Inc [NASDAQ: PTVE] shares were valued at $12.56 at the most recent close of the market. An investor can expect a potential return of 23.41% based on the average PTVE price forecast.
Analyzing the PTVE fundamentals
According to Pactiv Evergreen Inc [NASDAQ:PTVE], the company’s sales were 5.20B for trailing twelve months, which represents an -3.34% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.12 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.30 points at the first support level, and at 12.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.76, and for the 2nd resistance point, it is at 12.95.
Ratios To Look Out For
It is important to note that Pactiv Evergreen Inc [NASDAQ:PTVE] has a current ratio of 1.93. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 2.08.
