Ratings for Pactiv Evergreen (NASDAQ:PTVE) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 3 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Pactiv Evergreen, revealing an average target of $16.06, a high estimate of $19.00, and a low estimate of $12.50. Surpassing the previous average price target of $13.30, the current average has increased by 20.75%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Pactiv Evergreen by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anthony Pettinari | Citigroup | Raises | Buy | $17.00 | $15.00 |
| 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 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Pactiv Evergreen. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Pactiv Evergreen compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Pactiv Evergreen's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Pactiv Evergreen's market position. Stay informed and make well-informed 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 two segments: Foodservice, Food and Beverage Merchandising. These segments manufacture 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. It generates the majority of its revenue from Food and Beverage Merchandising. 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.
Pactiv Evergreen's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Pactiv Evergreen's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -13.69%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: Pactiv Evergreen's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 1.65%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Pactiv Evergreen's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.59%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Pactiv Evergreen's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.33%, the company showcases efficient use of assets and strong financial health.
Debt Management: Pactiv Evergreen's debt-to-equity ratio is below the industry average. With a ratio of 2.88, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.