Pactiv Evergreen Inc [PTVE] stock is trading at $17.83, down -0.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PTVE shares have lost -0.06% over the last week, with a monthly amount glided 0.51%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Pactiv Evergreen Inc [NASDAQ: PTVE] stock has seen the most recent analyst activity on January 10, 2025, when UBS downgraded its rating to a Neutral but kept the price target unchanged to $18 for it. Previously, Jefferies downgraded its rating to Hold on December 18, 2024, and elevated its price target to $18. On December 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $18 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $18 on January 19, 2024. UBS initiated its recommendation with a Buy and recommended $19 as its price target on January 16, 2024. Citigroup upgraded its rating to Buy for this stock on January 03, 2024, and upped its price target to $16. In a note dated January 02, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $14 to $16.
Pactiv Evergreen Inc [PTVE] stock has fluctuated between $8.83 and $17.88 over the past year. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Pactiv Evergreen Inc [NASDAQ: PTVE] shares were valued at $17.83 at the most recent close of the market. An investor can expect a potential return of 0.95% based on the average PTVE price forecast.
Analyzing the PTVE fundamentals
Pactiv Evergreen Inc [NASDAQ:PTVE] reported sales of 5.15B for the trailing twelve months, which represents a drop of -3.85%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.1 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.35.
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 17.82 points at the first support level, and at 17.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.86, and for the 2nd resistance point, it is at 17.88.
Ratios To Look Out For
For context, Pactiv Evergreen Inc’s Current Ratio is 1.54. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 2.91.
