In the past week, PTVE stock has gone up by 7.98%, with a monthly decline of -8.40% and a quarterly plunge of -7.03%. The volatility ratio for the week is 4.99%, and the volatility levels for the last 30 days are 4.61% for Pactiv Evergreen Inc The simple moving average for the last 20 days is 7.58% for PTVE’s stock, with a simple moving average of -9.26% for the last 200 days.
Is It Worth Investing in Pactiv Evergreen Inc (NASDAQ: PTVE) Right Now?
The price-to-earnings ratio for Pactiv Evergreen Inc (NASDAQ: PTVE) is 28.28x, which is above its average ratio. Moreover, the 36-month beta value for PTVE is 1.30. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PTVE is 39.38M and currently, short sellers hold a 3.19% of that float. On August 22, 2024, PTVE’s average trading volume was 363.23K shares.
PTVE) stock’s latest price update
Pactiv Evergreen Inc (NASDAQ: PTVE) has experienced a rise in its stock price by 4.34 compared to its previous closing price of 11.28. However, the company has seen a gain of 7.98% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that PTVE recommended as a buy due to cost structure improvements and attractive FCF yield. Poor 2Q24 results led to share price decline, but the long-term outlook remains positive with potential for demand recovery. PTVE is expected to generate $250 million FCF in FY25, offering >10% FCF yield and potential for attractive upside in share price.
Analysts’ Opinion of PTVE
Many brokerage firms have already submitted their reports for PTVE stocks, with Jefferies repeating the rating for PTVE by listing it as a “Buy.” The predicted price for PTVE in the upcoming period, according to Jefferies is $18 based on the research report published on January 19, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PTVE reach a price target of $19. The rating they have provided for PTVE stocks is “Buy” according to the report published on January 16th, 2024.
Citigroup gave a rating of “Buy” to PTVE, setting the target price at $16 in the report published on January 03rd of the current year.
PTVE Trading at 2.63% from the 50-Day Moving Average
After a stumble in the market that brought PTVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.69% of loss for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -8.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.55% lower at present.
During the last 5 trading sessions, PTVE rose by +7.11%, which changed the moving average for the period of 200-days by +9.62% in comparison to the 20-day moving average, which settled at $10.89. In addition, Pactiv Evergreen Inc saw -14.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PTVE
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.18 for the gross margin
The net margin for Pactiv Evergreen Inc stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.81, with 1.17 for asset returns.
Based on Pactiv Evergreen Inc (PTVE), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.75. The interest coverage ratio of the stock is -3.29.
Currently, EBITDA for the company is 797.0 million with net debt to EBITDA at 6.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 9.87for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To wrap up, the performance of Pactiv Evergreen Inc (PTVE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
