RBC Capital analyst Arun Viswanathan maintained a Buy rating on Pactiv Evergreen (PTVE – Research Report) on May 3 and set a price target of $17.00. The company’s shares closed last Friday at $13.57.
According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.0% and a 57.55% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, FMC, and Albemarle.
Currently, the analyst consensus on Pactiv Evergreen is a Moderate Buy with an average price target of $15.80, which is a 16.43% upside from current levels. In a report released yesterday, 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 380.9K.
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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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