Reasons why Philip Morris International Inc’s (NYSE:PM) fundamentals are futile

The price of Philip Morris International Inc (NYSE:PM) shares last traded on Wall Street fell -0.11% to $89.70.

Based on available information, 20 analysts follow Philip Morris International Inc (NYSE:PM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $85.50, we find $110.00. Given the previous closing price of $89.80, this indicates a potential upside of 22.49 percent. PM stock price is now -3.17% away from the 50-day moving average and -6.49% away from the 200-day moving average. The market capitalization of the company currently stands at $139.25B.

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Among analysts, 3 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $109.80 as their price target over the next twelve months.

With the price target enhanced from $109 to $117, Citigroup Upgraded its rating from Neutral to Buy for Philip Morris International Inc (NYSE: PM).

In other news, Barth Werner, Pr.Combusibles&GlobalComb.Mktg sold 8,000 shares of the company’s stock on Mar 02. The stock was sold for $786,816 at an average price of $98.35. Upon completion of the transaction, the Pr.Combusibles&GlobalComb.Mktg now directly owns 87,321 shares in the company, valued at $7.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Exec. Chairman of the Board Calantzopoulos Andre sold 80,000 shares of the business’s stock. A total of $8,028,000 was realized by selling the stock at an average price of $100.35. This leaves the insider owning 1,007,048 shares of the company worth $90.33 million. Insiders disposed of 215,099 shares of company stock worth roughly $19.29 million over the past 1 year. A total of 0.17% of the company’s stock is owned by insiders.

A candlestick chart of Philip Morris International Inc (NYSE: PM) showed a price of $90.00 on Friday morning. During the past 12 months, Philip Morris International Inc has had a low of $87.23 and a high of $105.62. According to the stock market information, the enterprise value for the company is $183.95B, which is based on a 17.43 price-to-earnings ratio, a 2.78 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for PM is $92.51 and a two-hundred day moving average price translates $95.85 for the stock.

The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for Sep, 2023. The company reported revenue of $9.14 billion for the quarter, compared to $8.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.81 percent.

Philip Morris International Inc(PM) Company Profile

Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company’s product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.

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