Philip Morris International Inc. [PM] stock Resumed by Credit Suisse analyst, price target now $107

Philip Morris International Inc. [NYSE: PM] traded at a high on 11/08/22, posting a 1.76 gain after which it closed the day’ session at $92.50. The company report on November 7, 2022 that PMHH Is Pleased to Complete Its Offer for Swedish Match and Become the Owner of 82.59% of the Shares; Extends the Offer Period; and Adjusts the Price for Future Tenders Due to the Scheduled Dividend.


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Regulatory News:.

This announcement is not an offer, whether directly or indirectly, in Australia, Hong Kong, Japan, New Zealand, or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important information” at the end of this announcement and in the offer document, which has been published on the Offer website (www.smokefree-offer.com). Shareholders in the United States should also refer to the section entitled “Special notice to shareholders in the United States” at the end of this announcement.

The results of the trading session contributed to over 4174728 shares changing hands. Over the past one week, the price volatility of Philip Morris International Inc. stands at 2.05% while the volatility over the past one month is 2.27%.

The market cap for PM stock reached $143.60 billion, with 1.55 billion shares outstanding and 1.55 billion shares in the current float. Compared to the average trading volume of 4.24M shares, PM reached a trading volume of 4174728 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $101.64 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 2.40. 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.

Credit Suisse have made an estimate for Philip Morris International Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 28, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $116 to $100. The new note on the price target was released on March 22, 2022, representing the official price target for Philip Morris International Inc. stock. Previously, the target price had yet another drop from $130 to $110, while JP Morgan kept a Neutral rating on PM stock. On April 09, 2021, analysts increased their price target for PM shares from 81 to 105.

The Average True Range (ATR) for Philip Morris International Inc. is set at 2.04, with the Price to Sales ratio for PM stock in the period of the last 12 months amounting to 4.53. Price to Free Cash Flow for PM in the course of the last twelve months was 48.98 with Quick ratio for the last quarter at 0.60.

How has PM stock performed recently?

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 0.85. With this latest performance, PM shares gained by 10.12% in over the last four-week period, additionally sinking by -6.45% over the last 6 months – not to mention a drop of -0.42% 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 59.71, with the RSI for the last a single of trading hit 64.89, and the three-weeks RSI is set at 55.68 for Philip Morris International Inc. [PM]. The present Moving Average for the last 50 days of trading for this stock 90.33, while it was recorded at 90.22 for the last single week of trading, and 97.47 for the last 200 days.

Philip Morris International Inc. [PM]: Deeper insight into the 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 0.90.

Earnings analysis for Philip Morris International Inc. [PM]

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 2.83%.

Insider trade positions for Philip Morris International Inc. [PM]

There are presently around $109,897 million, or 76.60% of PM stock, in the hands of institutional investors. The top three institutional holders of PM stocks are: VANGUARD GROUP INC with ownership of 131,029,029, which is approximately 1.885% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 99,988,661 shares of the stock with an approximate value of $9.25 billion in PM stocks shares; and CAPITAL WORLD INVESTORS, currently with $7.69 billion in PM stock with ownership of nearly 3.437% of the company’s market capitalization.

936 institutional holders increased their position in Philip Morris International Inc. [NYSE:PM] by around 71,382,342 shares. Additionally, 783 investors decreased positions by around 51,741,876 shares, while 349 investors held positions by with 1,064,949,641 shares. The mentioned changes placed institutional holdings at 1,188,073,859 shares, according to the latest SEC report filing. PM stock had 103 new institutional investments in for a total of 4,031,990 shares, while 121 institutional investors sold positions of 2,552,568 shares during the same period.

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