In a report released today, Adam Samuelson from Goldman Sachs maintained a Hold rating on Pactiv Evergreen (PTVE – Research Report). The company’s shares closed today at $13.26.
According to TipRanks, Samuelson is a 3-star analyst with an average return of 1.7% and a 43.26% success rate. Samuelson covers the Consumer Defensive sector, focusing on stocks such as Cal-Maine Foods, Darling Ingredients, and McCormick & Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pactiv Evergreen with a $17.40 average price target.
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Based on Pactiv Evergreen’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.38 billion and a net profit of $29 million. In comparison, last year the company earned a revenue of $1.61 billion and had a net profit of $176 million
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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.
Read More on PTVE:
- Pactiv Evergreen Announces Upcoming Quarterly Dividend
- Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results
- Pactiv Evergreen Inc. Declares Quarterly Dividend
- Pactiv Evergreen Inc. Schedules Fourth Quarter 2023 Financial Results
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