Expert Outlook: Pactiv Evergreen Through The Eyes Of 9 Analysts
Pactiv Evergreen (NASDAQ:PTVE) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 1 | 3 | 0 | 0 |
| Last 30D | 1 | 1 | 2 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Pactiv Evergreen and provided 12-month price targets. The average target is $15.94, accompanied by a high estimate of $19.00 and a low estimate of $12.50. This upward trend is evident, with the current average reflecting a 26.71% increase from the previous average price target of $12.58.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pactiv Evergreen. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Arun Viswanathan | RBC Capital | Maintains | Outperform | $18.00 | - |
| Anthony Pettinari | Citigroup | Lowers | Buy | $15.00 | $16.00 |
| Adam Samuelson | Goldman Sachs | Raises | Neutral | $14.00 | $12.50 |
| Ghansham Panjabi | Baird | Raises | Neutral | $15.00 | $12.00 |
| Adam Samuelson | Goldman Sachs | Raises | Neutral | $12.50 | $11.00 |
| Philip Ng | Jefferies | Announces | Buy | $18.00 | - |
| Curt Woodworth | UBS | Announces | Buy | $19.00 | - |
| Anthony Pettinari | Citigroup | Raises | Buy | $16.00 | $10.00 |
| George Staphos | B of A Securities | Raises | Buy | $16.00 | $14.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Pactiv Evergreen. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Pactiv Evergreen compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Pactiv Evergreen's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Pactiv Evergreen's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Pactiv Evergreen analyst ratings.
Unveiling the Story Behind Pactiv Evergreen
Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.
Breaking Down Pactiv Evergreen's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Pactiv Evergreen's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -14.29%. This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Pactiv Evergreen's net margin is impressive, surpassing industry averages. With a net margin of 2.1%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Pactiv Evergreen's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.25% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Pactiv Evergreen's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.44% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 3.0, Pactiv Evergreen adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.