Why Philip Morris International Inc. [PM] Stock Will Fly to $110.00 Over the Next 12 Months

Philip Morris International Inc. [PM] has traded in a range of $56.01 to $90.17 in the last 1 year. As of this writing, the stock is at $81.68, up 1.15%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PM shares are 7.83% up with the monthly amount drift of 15.20% and seems well in a long time frame.

On 7, December 2020, Philip Morris International Announces U.S. Food and Drug Administration Authorization of IQOS 3 for Sale in the United States. According to news published on Yahoo Finance, The U.S. Food and Drug Administration (FDA) today confirmed that IQOS 3, Philip Morris International’s electrically heated tobacco system, is appropriate for the protection of public health and has authorized it for sale in the United States. FDA’s decision follows an assessment of a premarket tobacco product application (PMTA) filed with the agency in March 2020.

Analyst Birdseye View:

The most recent analyst activity for Philip Morris International Inc. [NYSE:PM] stock was on October 23, 2020, when it was Downgrade with a Hold rating from Argus. Before that, on November 23, 2020, UBS Recapitulated a Neutral rating and elevated its amount target to $80. On October 07, 2020, Citigroup Upgrade a Buy rating and boosted its price target on this stock from $82 to $100. On April 01, 2020, Goldman Resumed a Buy rating and increased its price target to $80. On February 13, 2020, Cowen Upgrade an Outperform rating and increased its price target to $102. On December 02, 2019, Citigroup Downgrade a Neutral rating. On October 01, 2019, BofA/Merrill Upgrade a Buy rating and boosted its target amount on this stock to $96. Barclays elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $56.01 and a peak of $90.17. Right now, the middling Wall Street analyst 12-month amount mark is $91.00. At the most recent market close, shares of Philip Morris International Inc. [NYSE:PM] were valued at $81.68. According to the average price forecast, investors can expect a potential return of 0.55%.

FUNDAMENTAL ANALYSIS

Philip Morris International Inc. [NYSE:PM] most recently reported quarterly sales of 7.45 billion, which represented growth of -2.60%. This publicly-traded organization’s revenue is $405,211 per employee, while its income is $97,524 per employee. This company’s Gross Margin is currently 66.30%, its Operating Margin is 38.90%, its Pretax Margin is +33.15, and its Net Margin is +24.07.

The Principal structure of this organization shows its whole liability to whole principal at 157.22 and the whole liability to whole assets at 74.19. It shows enduring liability to the whole principal at 134.57 and enduring liability to assets at 0.63 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 80.77 points at 1st support level, the second support level is making up to 79.87. But as of 1st resistance point, this stock is sitting at 82.36 and at 83.05 for 2nd resistance point.

Philip Morris International Inc. [PM] reported its earnings at $1.42 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.36/share signifying the difference of 0.06 and 4.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.29 calling estimates for $1.1/share with the difference of 0.19 depicting the surprise of 17.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Philip Morris International Inc. [NYSE:PM] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.36. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.45 and showing 16.57 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Masseroli Mario, Pres., Latin America & Canada, and it was the sale of 1500.0 shares on Aug 31. CAMILLERI LOUIS C, the Director, completed a sale of 37500.0 shares on Aug 21. On Aug 20, CAMILLERI LOUIS C, Director, completed a sale of 37500.0 shares.