Philip Morris International Inc (NYSE:PM) shares traded 1.64% higher at $94.40 on Wall Street last session.
In accordance with the data, 21 analysts cover 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 $111.00. Given the previous closing price of $92.88, this indicates a potential upside of 19.51 percent. PM stock price is now 2.92% away from the 50-day moving average and -0.50% away from the 200-day moving average. The market capitalization of the company currently stands at $146.55B.
It has been rated a hold by 4 analysts and a buy by 14. Brokers who have rated the stock have averaged $109.20 as their price target over the next twelve months.
With the price target of $95, Redburn Atlantic recently initiated with Neutral rating for Philip Morris International Inc (NYSE: PM).
In other news, De Wilde Frederic, Pr SSEA CIS & MEA Region sold 10,000 shares of the company’s stock on Nov 28. The stock was sold for $942,500 at an average price of $94.25. Upon completion of the transaction, the Pr SSEA CIS & MEA Region now directly owns 198,447 shares in the company, valued at $18.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Pr.Combusibles&GlobalComb.Mktg Barth Werner sold 8,000 shares of the business’s stock. A total of $786,816 was realized by selling the stock at an average price of $98.35. This leaves the insider owning 87,321 shares of the company worth $8.24 million. Insiders disposed of 215,099 shares of company stock worth roughly $20.31 million over the past 1 year. A total of 0.17% of the company’s stock is owned by insiders.
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 $188.89B, which is based on a 18.35 price-to-earnings ratio, a 2.92 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for PM is $91.72 and a two-hundred day moving average price translates $94.88 for the stock.
The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for Sep, 2023. According to the Tobacco Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.61 by 0.06. This compares to $1.43 EPS in the same period last year. 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. For the current quarter, analysts expect PM to generate $8.92B in revenue.
