Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Pactiv Evergreen Inc (NASDAQ: PTVE) closed the day trading at $13.57 down -12.40% from the previous closing price of $15.49. In other words, the price has decreased by -$12.40 from its previous closing price. On the day, 1.74 million shares were traded. PTVE stock price reached its highest trading level at $14.65 during the session, while it also had its lowest trading level at $12.56.
Ratios:
For a better understanding of PTVE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.69. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 2.90 whereas as Long-Term Debt/Eq ratio is at 2.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on January 19, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $19.
Citigroup Upgraded its Neutral to Buy on January 03, 2024, whereas the target price for the stock was revised from $10 to $16.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PTVE now has a Market Capitalization of 2431051776 and an Enterprise Value of 6247058432. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 1.172 whereas that against EBITDA is 6.247.
Stock Price History:
The Beta on a monthly basis for PTVE is 1.42, which has changed by 1.1725106 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, PTVE has reached a high of $15.84, while it has fallen to a 52-week low of $6.85. The 50-Day Moving Average of the stock is -4.81%, while the 200-Day Moving Average is calculated to be 17.27%.
Shares Statistics:
Over the past 3-months, PTVE traded about 361.05K shares per day on average, while over the past 10 days, PTVE traded about 293740 shares per day. A total of 178.56M shares are outstanding, with a floating share count of 38.14M. Insiders hold about 78.71% of the company’s shares, while institutions hold 22.51% stake in the company. Shares short for PTVE as of 1713139200 were 918000 with a Short Ratio of 2.54, compared to 1710460800 on 858765. Therefore, it implies a Short% of Shares Outstanding of 918000 and a Short% of Float of 2.29.
Dividends & Splits
PTVE’s forward annual dividend rate is 0.40, up from 0.4 a year ago. Against a Trailing Annual Dividend Yield of 0.025823113
Earnings Estimates
The current assessment of Pactiv Evergreen Inc (PTVE) involves the perspectives of 7.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.14 and a low estimate of -$0.01, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.29, with high estimates of $0.34 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.26 and $1.05 for the fiscal current year, implying an average EPS of $1.14. EPS for the following year is $1.38, with 7.0 analysts recommending between $1.54 and $1.25.
Revenue Estimates
7 analysts predict $1.25B in revenue for the current quarter. It ranges from a high estimate of $1.38B to a low estimate of $1.17B. As of the current estimate, Pactiv Evergreen Inc’s year-ago sales were $1.43BFor the next quarter, 7 analysts are estimating revenue of $1.41B. There is a high estimate of $1.45B for the next quarter, whereas the lowest estimate is $1.35B.
A total of 7 analysts have provided revenue estimates for PTVE’s current fiscal year. The highest revenue estimate was $5.49B, while the lowest revenue estimate was $5.27B, resulting in an average revenue estimate of $5.42B. In the same quarter a year ago, actual revenue was $5.51BBased on 7 analysts’ estimates, the company’s revenue will be $5.53B in the next fiscal year. The high estimate is $5.6B and the low estimate is $5.41B.
