Philip Morris International Inc. (NYSE:PM) finished Wednesday with an addition of $0.29 to close at $94.32, an upside of 0.31 percent. An average of 2,856,360 shares of common stock have been traded in the last five days. There was a gain of $0.33 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 2,948,275 shares traded, while the 50-day average volume stands at 3,956,866.
PM stock has decreased by -2.95% in the last month. The company shares reached their 1-month lowest point of $92.87 on 08/17/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $82.85 and a high of $105.62 in 52 weeks. It has reached a new high 6 times so far this year and lost -6.81% or -$6.89 in price. In spite of this, the price is down -10.70% from the 52-week high.
Insider Transactions
PM stock investors should be aware that Philip Morris International Inc. (PM) stock had its last reported insider trading activity 175 days ago on Mar 02. In this transaction, the insider spent $786,816. Exec. Chairman of the Board, Calantzopoulos Andre, disposed of 80,000 shares at a price of $100.35 on Feb 17. The insider now owns more than $8,028,000 worth of shares. Prior to that, Chief Executive Officer Olczak Jacek went on to Sale 45,000 shares at $100.64 each on Feb 17. An amount of $4,528,800 was transacted.
Valuation Metrics
Philip Morris International Inc. (PM) has a trailing price-to-earnings (P/E) ratio of 18.25. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.36, and the price-to-cash flow ratio at 19.56.
The company has a payout ratio of 97.80%. The company’s most recent quarterly dividend payment was $1.27 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday September 14 2022.
Financial Health
The quick ratio of Philip Morris International Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Philip Morris International Inc.’s EBITDA margin for the year ending June 29 is 42.94%, while its operating margin for the same period stands at 33.70%. Its gross profit as reported stood at $20.36 billion compared to revenue of $31.76 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Philip Morris International Inc.’s return on assets was 14.20%.
Earnings Surprise
For the three-month period that ended June 29, Philip Morris International Inc. had $41.4 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.57 billion in the quarter, while revenues were shrunk -42.41%. The analyst consensus anticipated Philip Morris International Inc.’s latest quarter earnings to come in at $1.47 per share, but it turned out to be $1.6, a 8.80% surprise. For the quarter, EBITDA amounted to $3.55 billion. Shareholders own equity worth $1.55 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Philip Morris International Inc. (PM) price momentum. RSI 9-day as of the close on 23 August was 35.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.71%.
As of today, PM’s price is $94.09 +0.35% or $0.33 from its 5-day moving average. PM is currently trading -3.98% lower than its 20-day SMA and -2.38% lower than its 100-day SMA. However, the stock’s current price level is +1.80% above the SMA50 and +6.77% above the SMA200.
The stochastic %K and %D were 24.44% and 21.65%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 26.17% and the average true range at 1.29, the RSI (14) stands at 38.26%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -1.17.
Analyst Ratings
Citigroup upgraded Philip Morris International Inc. (NYSE: PM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Philip Morris International Inc. (PM) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is PM’s price target for the next 12 months?
Analysts predict a range of price targets between $87.00 and $130.00, with a median target of $116.00. Taking a look at these predictions, the average price target given by analysts for Philip Morris International Inc. (PM) stock is $114.81.
