Philip Morris International Inc (PM) stock expected to rise by 2.54%: What’s driving the optimism?

A share price of Philip Morris International Inc [PM] is currently trading at $120.85, down -0.69%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PM shares have gain 0.93% over the last week, with a monthly amount drifted -1.27%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Philip Morris International Inc [NYSE: PM] stock has seen the most recent analyst activity on March 05, 2024, when Argus downgraded its rating to a Hold. Previously, Societe Generale upgraded its rating to Hold on February 13, 2024. On January 23, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $86.50 on the stock. Redburn Atlantic started tracking the stock assigning a Neutral rating and suggested a price target of $95 on November 16, 2023. Citigroup upgraded its rating to a Buy and raised its price target to $117 on June 20, 2023. In a note dated March 30, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $109 to $116.

Philip Morris International Inc experienced fluctuations in its stock price throughout the past year between $87.23 and $128.22. Currently, Wall Street analysts expect the stock to reach $123.92 within the next 12 months. Philip Morris International Inc [NYSE: PM] shares were valued at $120.85 at the most recent close of the market. An investor can expect a potential return of 2.54% based on the average PM price forecast.

Analyzing the PM fundamentals

Trailing Twelve Months sales for Philip Morris International Inc [NYSE:PM] were 36.20B which represents 5.22% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is -0.87 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.89 points at the first support level, and at 118.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.62, and for the 2nd resistance point, it is at 122.40.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Philip Morris International Inc [NYSE:PM] is 0.94. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 5.19 and price to earnings (TTM) ratio is 21.40.

Transactions by insiders

Recent insider trading involved De Wilde Frederic, Pr SSEA CIS & MEA Region, that happened on Aug 22 ’24 when 20000.0 shares were sold. Officer, FREDERIC J DE WILDE completed a deal on Aug 22 ’24 to buy 20000.0 shares. Meanwhile, President, Europe Region Andolina Massimo sold 9000.0 shares on Aug 08 ’24.

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