
Pactiv Evergreen (PTVE) Stock Forecast & Price Target
Pactiv Evergreen (PTVE) Analyst Ratings
Bulls say
Pactiv Evergreen Inc's commitment to sustainability, highlighted by its industry-leading use of over 65% recycled and recyclable materials with a goal of achieving 100% by 2030, positions the company favorably for market growth. The company is also actively reducing its variable rate debt, achieving a significant $513 million reduction since the fourth quarter of 2022, which is expected to enhance its financial stability with a projected net leverage of 4x by year-end. Furthermore, Pactiv Evergreen is set to experience robust EBITDA growth in FY25, driven by product innovation, increased promotional activity, and benefits from both sustained elevated levels of at-home consumption and the reopening dynamics within its Foodservice and Beverage Merchandising segments.
Bears say
Pactiv Evergreen Inc has lowered its 2024 EBITDA guidance by approximately $50 million, primarily due to underperformance in operations and broader end-market weakness, indicating anticipated challenges in revenue generation. The company is expected to operate with a high leverage ratio of 4.0x, which raises concerns regarding financial stability amidst weaker demand and pricing pressures. Furthermore, persistent labor-related and energy cost headwinds present additional risks that could further constrain demand, contributing to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Pactiv Evergreen and is not a guaranteed prediction by Public.com or investment advice.
Pactiv Evergreen (PTVE) Analyst Forecast & Price Prediction
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