The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PTVE is 39.63M, and at present, short sellers hold a 3.05% of that float. On November 28, 2024, the average trading volume of PTVE was 309.59K shares.
PTVE) stock’s latest price update
The stock price of Pactiv Evergreen Inc (NASDAQ: PTVE) has plunged by -1.03 when compared to previous closing price of 13.64, but the company has seen a 3.93% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that Investors looking for stocks in the Containers – Paper and Packaging sector might want to consider either Pactiv Evergreen Inc. (PTVE) or AptarGroup (ATR). But which of these two companies is the best option for those looking for undervalued stocks?
PTVE’s Market Performance
Pactiv Evergreen Inc (PTVE) has experienced a 3.93% rise in stock performance for the past week, with a 17.39% rise in the past month, and a 15.29% rise in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 3.46% for PTVE. The simple moving average for the last 20 days is 9.72% for PTVE stock, with a simple moving average of 7.76% for the last 200 days.
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 13.00% 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 -14.77% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares surge +18.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.98% upper at present.
During the last 5 trading sessions, PTVE rose by +3.93%, which changed the moving average for the period of 200-days by -5.59% in comparison to the 20-day moving average, which settled at $12.30. In addition, Pactiv Evergreen Inc saw -1.53% 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:
- 0.02 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 0.02. Equity return is now at value -13.75, with -2.62 for asset returns.
Based on Pactiv Evergreen Inc (PTVE), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 3.22. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 637.0 million with net debt to EBITDA at 8.68. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 10.42for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To sum up, Pactiv Evergreen Inc (PTVE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
