Is Philip Morris International Inc (NYSE: PM) Proving The Doubters Wrong?

Philip Morris International Inc (PM) concluded trading on Thursday at a closing price of $125.43, with 4.83 million shares of worth about $605.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.49% during that period and on January 23, 2025 the price saw a gain of about 2.07%. 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 5.84% in past 5 days and over the past one month there was a price change of 2.67%. Year-to-date (YTD), PM shares are showing a performance of 4.22% which increased to 35.70% 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 5.10 million. The stock is currently trading 3.54% above its 20-day simple moving average (SMA20), while that difference is down -0.08% for SMA50 and it goes to 9.51% higher than SMA200.

Philip Morris International Inc (NYSE: PM) currently have 1.55B outstanding shares and institutions hold larger chunk of about 80.25% of that.

The stock has a current market capitalization of $195.02B and its 3Y-monthly beta is at 0.57. PE ratio of stock for trailing 12 months is 19.90, while it has posted earnings per share of $6.30 in the same period. Its PEG reads 1.91 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 1.81% while standing at 1.55% over the month.

Analysts are in expectations that Philip Morris International Inc (PM) stock would likely to be making an EPS of 1.5 in the current quarter, while forecast for next quarter EPS is 1.63 and it is 7.04 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.39 which is 1.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.23% while it is estimated to increase by 8.14% in next year. EPS is likely to grow at an annualized rate of 10.39% for next 5-years, compared to annual growth of -0.25% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 16, 2025 offering an Overweight rating for the stock and assigned a target price of $140 to it. On February 13, 2024, Societe Generale Upgrade their recommendations, while on January 23, 2024, UBS Downgrade their ratings for the stock with a price target of $86.50. Stock get a Neutral rating from Redburn Atlantic on November 16, 2023.

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