Jefferies analyst Philip Ng maintained a Buy rating on Pactiv Evergreen (PTVE – Research Report) today and set a price target of $18.00. The company’s shares closed yesterday at $13.59.
According to TipRanks, Ng is a 5-star analyst with an average return of 13.0% and a 62.30% success rate. Ng covers the Consumer Cyclical sector, focusing on stocks such as Ball, Crown Holdings, and Graphic Packaging.
Pactiv Evergreen has an analyst consensus of Moderate Buy, with a price target consensus of $16.17, a 18.98% upside from current levels. In a report released on May 5, Bank of America Securities also reiterated a Buy rating on the stock with a $16.00 price target.
The company has a one-year high of $15.84 and a one-year low of $6.67. Currently, Pactiv Evergreen has an average volume of 387.8K.
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Pactiv Evergreen (PTVE) Company Description:
Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh food service and food merchandising products and fresh beverage cartons. The products are supplied to food service distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, food packers and food processors.
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