Date | Price Target | Rating | Analyst |
---|---|---|---|
1/19/2024 | $18.00 | Buy | Jefferies |
1/16/2024 | $19.00 | Buy | UBS |
1/3/2024 | $10.00 → $16.00 | Neutral → Buy | Citigroup |
1/2/2024 | $14.00 → $16.00 | Neutral → Buy | BofA Securities |
5/23/2022 | $12.00 → $10.00 | Buy → Neutral | Citigroup |
5/6/2022 | $9.00 → $13.00 | Sector Perform → Outperform | RBC Capital Mkts |
4/14/2022 | $13.00 | Buy → Neutral | BofA Securities |
2/25/2022 | $15.00 → $12.00 | Buy | Deutsche Bank |
Jefferies initiated coverage of Pactiv Evergreen with a rating of Buy and set a new price target of $18.00
UBS initiated coverage of Pactiv Evergreen with a rating of Buy and set a new price target of $19.00
Citigroup upgraded Pactiv Evergreen from Neutral to Buy and set a new price target of $16.00 from $10.00 previously
LAKE FOREST, Ill., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE) ("Pactiv Evergreen" or the "Company") today announced that Jon Baksht, Chief Financial Officer, will present to investors at the Jefferies Industrials Conference on September 4, 2024 at 4:15pm ET. Investors may access a live webcast of this presentation and the presentation slides on Pactiv Evergreen's website at https://investors.pactivevergreen.com/news-events/events-presentations. A replay of the webcast will be available for 90 days following the presentation. About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ:PTVE) is a leading manufacturer and distributor of fresh foodservice and food me
LAKE FOREST, Ill., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc., a leading manufacturer of fresh food and beverage packaging in North America, is excited to launch innovative Recycleware® Reduced-Density Polypropylene (RDPP) meat trays. Pactiv Evergreen's Recycleware RDPP meat trays are the perfect solution for packer processors seeking alternatives to foam polystyrene. "Pactiv Evergreen is dedicated to producing innovative, quality packaging with a reduced environmental impact," said Eric Wulf, President of Pactiv Evergreen's Food and Beverage Merchandising business. "Our new Recycleware RDPP Meat Trays are vertically integrated, meaning they are extruded, thermoformed and pad
Announced sale represents exit from paper mills furthering strategic transformationSecond quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluff millRevising 2024 guidance Second Quarter 2024 Financial Highlights: Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million in the first quarter of 2024.Net Income of $20 million for the second quarter of 2024 compared to a net loss of $139 million in the second quarter of 2023 and net income of $10 million in the first quarter of 2024.Adjusted EBITDA1 of $183 million for the second quarter of 2024
8-K - Pactiv Evergreen Inc. (0001527508) (Filer)
8-K - Pactiv Evergreen Inc. (0001527508) (Filer)
8-K - Pactiv Evergreen Inc. (0001527508) (Filer)
Announced sale represents exit from paper mills furthering strategic transformationSecond quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluff millRevising 2024 guidance Second Quarter 2024 Financial Highlights: Net Revenues of $1,338 million for the second quarter of 2024 were down 6% compared to $1,426 million in the second quarter of 2023 and up 7% compared to $1,252 million in the first quarter of 2024.Net Income of $20 million for the second quarter of 2024 compared to a net loss of $139 million in the second quarter of 2023 and net income of $10 million in the first quarter of 2024.Adjusted EBITDA1 of $183 million for the second quarter of 2024
LAKE FOREST, Ill., July 31, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per share of common stock. The dividend will be paid on September 13, 2024 to shareholders of record at the close of business on August 30, 2024. About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ:PTVE) is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The Company produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today's consumers. Its pro
First Quarter 2024 Financial Highlights: Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023.Net Income of $10 million for the first quarter of 2024 compared to a net loss of $133 million in the first quarter of 2023 and net income of $22 million in the fourth quarter of 2023.Adjusted EBITDA1 of $168 million for the first quarter of 2024 compared to $189 million in the first quarter of 2023 and $207 million in the fourth quarter of 2023.Diluted earnings per share of $0.04 for the first quarter of 2024 compared to diluted loss per share of $0.76
UBS analyst Curt Woodworth maintains Pactiv Evergreen (NASDAQ:PTVE) with a Buy and lowers the price target from $19 to $16.
Pactiv Evergreen Inc. (NASDAQ:PTVE) ("Pactiv Evergreen" or the "Company") today announced that it has signed a definitive agreement (the "Agreement") to sell its Pine Bluff, Arkansas, paper mill ("Pine Bluff") and Waynesville, North Carolina, extrusion facility ("Waynesville"), to global paper and pulp producer Suzano S.A. ("Suzano") for $110 million in cash (the "Transaction"), subject to customary adjustments for closing amounts such as working capital. Suzano has agreed to offer employment to current employees at Pine Bluff and Waynesville. Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based food and beverage packag
Citigroup analyst Anthony Pettinari maintains Pactiv Evergreen (NASDAQ:PTVE) with a Buy and lowers the price target from $16 to $14.
SC 13D - Pactiv Evergreen Inc. (0001527508) (Subject)
SC 13G/A - Pactiv Evergreen Inc. (0001527508) (Subject)
SC 13G/A - Pactiv Evergreen Inc. (0001527508) (Subject)
LAKE FOREST, Ill., July 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ:PTVE) today announced the following details for its second quarter 2024 earnings release and teleconference call. Earnings Release:Wednesday, July 31, 2024, after market closeWebcast and Teleconference:Thursday, August 1, 2024, at 8:30 a.m. EDTPactiv Evergreen Participants:Michael King, President and Chief Executive Officer Jon Baksht, Chief Financial Officer Curt Worthington, VP, Strategy & Investor Relations Participants may access the live webcast on the Company's Investor Relations website at https://investors.pactivevergreen.com/news-events/events-presentations. To join by phone, participants can regi
LAKE FOREST, Ill., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ:PTVE) today announced the following details for its fourth quarter 2023 earnings release and teleconference call. Earnings Release:Thursday, February 29, 2024, after market closeWebcast and Teleconference:Friday, March 1, 2024, at 8:30 a.m. EDTPactiv Evergreen Participants:Michael King, President and Chief Executive Officer Jon Baksht, Chief Financial Officer Curt Worthington, VP, Strategy and Investor Relations Participants may access the live webcast on the Company's Investor Relations website at https://investors.pactivevergreen.com/news-events/events-presentations. To join by phone, participants can register
LAKE FOREST, Ill., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE) announced today that Douglas "Doug" Owenby will join Pactiv Evergreen as Chief Operations Officer, effective September 13. Mr. Owenby will join the Pactiv Evergreen Executive Leadership Team, reporting to CEO Mike King. In this newly created, standalone role, Mr. Owenby will be responsible for all Pactiv Evergreen operating functions globally, assuming the operations leadership responsibilities that Mike Ragen, Pactiv Evergreen's Chief Financial Officer (CFO), accepted in 2018. Mr. Owenby joins Pactiv Evergreen from Graham Packaging where he has served as Chief Operations Officer since 2018. Prior to
4 - Pactiv Evergreen Inc. (0001527508) (Issuer)
4 - Pactiv Evergreen Inc. (0001527508) (Issuer)
4 - Pactiv Evergreen Inc. (0001527508) (Issuer)