In a report released on November 15, Arun Viswanathan from RBC Capital maintained a Buy rating on Pactiv Evergreen (PTVE – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $11.43.
Viswanathan covers the Basic Materials sector, focusing on stocks such as Albemarle, FMC, and Quaker Chemical. According to TipRanks, Viswanathan has an average return of 1.7% and a 50.81% success rate on recommended stocks.
Pactiv Evergreen has an analyst consensus of Hold, with a price target consensus of $11.00.
See today’s best-performing stocks on TipRanks >>
Based on Pactiv Evergreen’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.43 billion and a GAAP net loss of $139 million. In comparison, last year the company earned a revenue of $1.61 billion and had a net profit of $176 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on PTVE:
