While Philip Morris International Inc has overperformed by 0.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PM rose by 27.39%, with highs and lows ranging from $134.15 to $87.82, whereas the simple moving average jumped by 7.38% in the last 200 days.
On March 05, 2024, Argus Downgraded Philip Morris International Inc (NYSE: PM) to Hold. A report published by Societe Generale on February 13, 2024, Upgraded its rating to ‘Hold’ for PM. UBS also Downgraded PM shares as ‘Sell’, setting a target price of $86.50 on the company’s shares in a report dated January 23, 2024. Redburn Atlantic Initiated an Neutral rating on November 16, 2023, and assigned a price target of $95. Citigroup June 20, 2023d its ‘Neutral’ rating to ‘Buy’ for PM, as published in its report on June 20, 2023. Stifel’s report from April 14, 2023 suggests a price prediction of $114 for PM shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Philip Morris International Inc (PM)
Investors in Philip Morris International Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $5.30 per share. Further, the quarter-over-quarter increase in sales is 8.82%, showing a positive trend in the upcoming months.
One of the most important indicators of Philip Morris International Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PM is recording 5.01M average volume. On a monthly basis, the volatility of the stock is set at 1.46%, whereas on a weekly basis, it is put at 1.24%, with a gain of 1.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $140.60, showing growth from the present price of $121.40, which can serve as yet another indication of whether PM is worth investing in or should be passed over.
How Do You Analyze Philip Morris International Inc Shares?
The Tobacco market is dominated by Philip Morris International Inc (PM) based in the USA. When comparing Philip Morris International Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.26, there is a growth in quarterly earnings of 49.85%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.16%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.27% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PM shares are owned by institutional investors to the tune of 80.27% at present.
