There Is Clear Momentum For Philip Morris International Inc (NYSE: PM)

Philip Morris International Inc (PM) concluded trading on Wednesday at a closing price of $125.24, with 4.74 million shares of worth about $593.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.53% during that period and on November 13, 2024 the price saw a gain of about 0.82%. Currently the company’s common shares owned by public are about 1.55B shares, out of which, 1.55B shares are available for trading.

Stock saw a price change of -0.06% in past 5 days and over the past one month there was a price change of 4.00%. Year-to-date (YTD), PM shares are showing a performance of 33.12% which increased to 39.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.82 but also hit the highest price of $134.15 during that period. The average intraday trading volume for Philip Morris International Inc shares is 5.37 million. The stock is currently trading -1.95% below its 20-day simple moving average (SMA20), while that difference is up 0.85% for SMA50 and it goes to 17.38% higher than SMA200.

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Philip Morris International Inc (NYSE: PM) currently have 1.55B outstanding shares and institutions hold larger chunk of about 79.99% of that.

The stock has a current market capitalization of $194.73B and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 19.87, while it has posted earnings per share of $6.30 in the same period. Its PEG reads 1.86 and has Quick Ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PM, volatility over the week remained 2.08% while standing at 2.17% over the month.

Stock’s fiscal year EPS is expected to rise by 7.87% while it is estimated to increase by 10.07% in next year. EPS is likely to grow at an annualized rate of 10.67% for next 5-years, compared to annual growth of -0.25% made by the stock over the past 5-years.

On January 23, 2024, UBS Downgrade their recommendations, while on November 16, 2023, Redburn Atlantic Initiated their ratings for the stock with a price target of $95. Stock get a Buy rating from Citigroup on June 20, 2023.

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