Philip Morris International Inc. (NYSE:PM) saw a downside of -0.03% to $97.12 after subtracting -$0.03 on Wednesday. The 5-day average trading volume is 2,035,003 shares of the company’s common stock. It has gained $97.89 in the past week and touched a new high 1 time within the past 5 days. An average of 3,971,961 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,301,390.
PM’s 1-month performance is -1.50% or -$0.46 on its low of $95.81 reached on 07/25/23. The company’s shares have touched a 52-week low of $82.85 and high of $105.62, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, PM has lost -4.04% or -$3.97 and has reached a new high 6 times. However, the current price is down -8.05% from the 52-week high price.
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Insider Transactions
PM stock investors last saw insider trading activity on Mar 02.Barth Werner (Pr.Combusibles&GlobalComb.Mktg) most recently sold 8,000 shares at $98.35 per share on Mar 02. This transaction cost the insider $786,816. Exec. Chairman of the Board, Calantzopoulos Andre, sold 80,000 shares at a price of $100.35 on Feb 17. Then, on Feb 17, Chief Executive Officer Olczak Jacek sold 45,000 shares at a price of $100.64 per share. This transaction amounted to $4,528,800.
Valuation Metrics
PM stock has a beta of 0.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.59.
Philip Morris International Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.90. In terms of profitability, the gross margin trailing 12 months is 63.10%. The trailing 12-month EBITDA margin is 42.94% while for the period ending June 29, Philip Morris International Inc.’s operating margin was 33.70%. The firm’s gross profit as reported stood at $20.36 billion against revenue of $31.76 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -42.41% to $1.57 billion, while revenue of $2.0 billion was -27.23% off the previous quarter. Analysts expected PM to announce $1.47 per share in earnings in its latest quarter, but it posted $1.6, representing a 8.80% surprise. EBITDA for the quarter stood at more than $3.55 billion. PM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 69.83 billion, with total debt at $47.97 billion. Shareholders hold equity totaling $1.55 billion.
Let’s look briefly at Philip Morris International Inc. (PM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 44.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.65%.
The stock’s 5-day moving average is $97.05, reflecting a -0.71% or -$0.70 change from its current price. PM is currently trading -1.78% above its 20-day SMA, +1.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.05% and SMA200 by+14.36%.
Stochastic %K and %D was 29.59% and 24.74% and the average true range (ATR) pointed at 1.28. The RSI (14) points at 48.04%, while the 14-day stochastic is at 32.72% with the period’s ATR at 1.32. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -0.67 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Philip Morris International Inc. (NYSE: PM), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.
What is PM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $87.00 and a high of $130.00, with their median price target at $116.00. Looking at these predictions, the average price target given by analysts is for Philip Morris International Inc. (PM) stock is $114.88.
