why Philip Morris International Inc. [PM] is a Good Choice for Investors After New Price Target of $109.57


Philip Morris International Inc. [NYSE: PM] stock went on a downward path that fall over -0.94% on Monday, amounting to a one-week price increase of more than 2.45%. The company report on October 12, 2021 that Philip Morris International Inc. (PMI) to Host Webcast of 2021 Third-Quarter Results.

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Philip Morris International Inc. (NYSE: PM) will host a live audio webcast on www.pmi.com/2021Q3earnings on Tuesday, October 19, 2021, at 9:00 a.m. ET, to discuss its 2021 Third-Quarter results, which will be issued at approximately 7:00 a.m. ET the same day.

Over the last 12 months, PM stock rose by 22.93%. The one-year Philip Morris International Inc. stock forecast points to a potential upside of 11.06. The average equity rating for PM stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $152.62 billion, with 1.56 billion shares outstanding and 1.56 billion shares in the current float. Compared to the average trading volume of 3.75M shares, PM stock reached a trading volume of 3806270 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Philip Morris International Inc. [PM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PM shares is $109.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Philip Morris International Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 09, 2021. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on January 20, 2021, representing the official price target for Philip Morris International Inc. stock. On November 23, 2020, analysts decreased their price target for PM shares from 90 to 80.

The Average True Range (ATR) for Philip Morris International Inc. is set at 1.81, with the Price to Sales ratio for PM stock in the period of the last 12 months amounting to 5.08. Price to Free Cash Flow for PM in the course of the last twelve months was 54.82 with Quick ratio for the last quarter at 0.60.

PM Stock Performance Analysis:

Philip Morris International Inc. [PM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.45. With this latest performance, PM shares dropped by -4.33% in over the last four-week period, additionally plugging by 3.67% over the last 6 months – not to mention a rise of 22.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PM stock in for the last two-week period is set at 45.62, with the RSI for the last a single of trading hit 47.57, and the three-weeks RSI is set at 45.53 for Philip Morris International Inc. [PM]. The present Moving Average for the last 50 days of trading for this stock 100.51, while it was recorded at 97.54 for the last single week of trading, and 94.11 for the last 200 days.

Insight into Philip Morris International Inc. Fundamentals:

Philip Morris International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.20.

PM Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Philip Morris International Inc. go to 12.42%.

Philip Morris International Inc. [PM] Insider Position Details

There are presently around $114,174 million, or 76.00% of PM stock, in the hands of institutional investors. The top three institutional holders of PM stocks are: VANGUARD GROUP INC with ownership of 124,832,982, which is approximately 1.028% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 91,393,456 shares of the stock with an approximate value of $8.91 billion in PM stocks shares; and CAPITAL WORLD INVESTORS, currently with $7.86 billion in PM stock with ownership of nearly 1.143% of the company’s market capitalization.

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823 institutional holders increased their position in Philip Morris International Inc. [NYSE:PM] by around 49,012,296 shares. Additionally, 773 investors decreased positions by around 46,229,842 shares, while 337 investors held positions by with 1,076,370,959 shares. The mentioned changes placed institutional holdings at 1,171,613,097 shares, according to the latest SEC report filing. PM stock had 116 new institutional investments in for a total of 3,004,973 shares, while 81 institutional investors sold positions of 2,515,646 shares during the same period.