Mizuho Cuts Price Objective for Pactiv Evergreen to $11.00
May 21, 2023
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Pactiv Evergreen ($NASDAQ:PTVE) Inc. is a consumer packaged goods company that produces and markets a range of foodservice and food packaging products. On Wednesday, Mizuho reduced the price target of Pactiv Evergreen from $14.00 to $11.00 in a research note to investors. This reduction in price target comes as a surprise to many investors who had previously been bullish on the company’s stock. Mizuho cited concerns about the macro environment and increasing competition in the industry as the main reasons for the price adjustment. The firm also noted that while Pactiv Evergreen has a strong portfolio of branded products, the company is facing higher raw material costs and increased competition from private-label products.
Despite the reduced price target, Mizuho is still optimistic about Pactiv Evergreen’s prospects in the long term. The firm believes that the company’s diversification strategy and strong market presence will help it weather the current challenging environment. Mizuho also believes that Pactiv Evergreen’s focus on innovation and product development will help it gain market share in the future.
Market Price
On Monday, PACTIV EVERGREEN stock opened at $7.6 and closed at $7.6, up by 0.9% from prior closing price of 7.5. The report stated that the stock’s current price is attractive in the short term, but the current price is still not reflective of the company’s long-term growth potential. The report also stated that the analyst believed that the company’s new strategy of focusing on the consumer packaging market could be beneficial for shareholders in the long run. Despite the analyst’s warning, investors are seemingly unfazed as the stock had a good trading session and closed with a slight gain. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pactiv Evergreen. More…
| Total Revenues | Net Income | Net Margin |
| 6.16k | 141 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pactiv Evergreen. More…
| Operations | Investing | Financing |
| 382 | 47 | -301 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pactiv Evergreen. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.04k | 5.62k | 7.89 |
Key Ratios Snapshot
Some of the financial key ratios for Pactiv Evergreen are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.8% | -30.5% | 7.7% |
| FCF Margin | ROE | ROA |
| 1.8% | 20.1% | 4.2% |
Analysis
At GoodWhale, we are committed to helping our users make informed investment decisions. That’s why we provide in-depth analysis of company fundamentals so you can assess the risk involved in investing in PACTIV EVERGREEN. According to our Risk Rating, PACTIV EVERGREEN is a high-risk investment, with potential financial and business risks. We have also detected 3 risk warnings in the income sheet, balance sheet, and cash flow statement for PACTIV EVERGREEN. To further investigate these risks, register with us and gain access to our detailed analysis. With GoodWhale, you can make the most informed decisions when it comes to investing in PACTIV EVERGREEN. More…
Peers
Pactiv Evergreen Inc is one of the leading companies in the packaging industry. It has a strong presence in North America and Europe. The company’s main competitors are FP Corp, Vidrala SA, and Chuo Kagaku Co Ltd.
– FP Corp ($TSE:7947)
General Electric Co is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston. As of 2018, the company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, Transportation, and Capital. In 2018, GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue. As of 2018, the company has 130,000 employees worldwide.
General Electric’s market cap is 300.33B as of 2022 and its ROE is 7.32%. The company is a Conglomerate that consists of many different businesses including Aviation, Healthcare, Transportation, and Capital.
– Vidrala SA ($OTCPK:VDRFF)
Vidrala SA is a Spanish glass packaging company. The company has a market cap of 1.93B as of 2022 and a return on equity of 8.95%. Vidrala SA produces a variety of glass packaging products for food and beverage companies. The company has a strong presence in Europe and South America.
– Chuo Kagaku Co Ltd ($TSE:7895)
Chuo Kagaku Co Ltd is a Japanese company that manufactures and sells a variety of chemicals and products. The company has a market cap of 6.37B as of 2022 and a return on equity of 2.95%. Chuo Kagaku is a leading manufacturer of chemicals and products used in a variety of industries, including the automotive, electronics, and construction industries. The company’s products are used in a variety of applications, including as adhesives, coatings, and sealants.
Summary
Mizuho recently downgraded their investment outlook for Pactiv Evergreen, lowering their price objective from $14.00 to $11.00. This change in sentiment comes as investors have become more cautious about the company’s potential for growth. As a result, analysts suggest investors take a more conservative approach when considering Pactiv Evergreen as an investment option.
Investors should also bear in mind that any changes in macroeconomic conditions could significantly affect the company’s performance, and thus their investment decision. It is recommended that investors do thorough research and analysis before making any decisions.
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