In a report released on January 10, Arun Viswanathan from RBC Capital maintained a Buy rating on Pactiv Evergreen (PTVE – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $14.29.
According to TipRanks, Viswanathan is a 5-star analyst with an average return of 6.2% and a 60.65% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, PPG Industries, and Quaker Chemical.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pactiv Evergreen with a $14.25 average price target, which is a -0.28% downside from current levels. In a report released on January 3, Citi also upgraded the stock to a Buy with a $16.00 price target.
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The company has a one-year high of $14.85 and a one-year low of $6.62. Currently, Pactiv Evergreen has an average volume of 256K.
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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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