In a report released on December 20, Arun Viswanathan from RBC Capital maintained a Buy rating on Pactiv Evergreen (PTVE – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $13.19.

Viswanathan covers the Basic Materials sector, focusing on stocks such as Albemarle, Quaker Chemical, and LyondellBasell. According to TipRanks, Viswanathan has an average return of 5.9% and a 61.17% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Pactiv Evergreen with a $11.25 average price target.

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PTVE market cap is currently $2.28B and has a P/E ratio of -10.32.

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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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