Philip Morris International Inc. (PM) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Philip Morris International Inc. (PM), based in Stamford, Connecticut, is a notable player in the tobacco sector, aiming for a smoke-free future by expanding its product offerings beyond traditional tobacco products. Established in 1987 and publicly traded since March 31, 2008, PM has diversified its portfolio to include conventional cigarettes and innovative smoke-free alternatives such as heat-not-burn products under the IQOS brand and vapor products under ZYN. Furthermore, the company is venturing into wellness and healthcare-related products, reflecting its commitment to adapt to shifting consumer preferences. With total revenue nearing $36.45 billion, PM maintains strong financial health within the Consumer Defensive sector.
Stock Analysis and Investment Outlook
Currently trading at $120.79, PM’s stock presents a promising investment opportunity with analysts projecting a target high price of $145.00, indicating substantial upside potential. The company has approximately 1.55 billion shares outstanding and a relatively low short interest of about 0.66%, which suggests good liquidity and reduced volatility. The stock also shows bullish sentiment, with a mean target price of $123.56 and a recommendation to buy from 11 analysts, reflecting optimism regarding its price appreciation potential. Despite minor gaps in financial metrics, particularly in EBITDA reporting, PM demonstrates strong revenue performance, positioning it well for further growth in the evolving financial landscape.
Market Performance Metrics
As of the latest analysis, PM’s stock performance is underpinned by its current price positioning—well above its fifty-day moving average of $117.82, closer to its fifty-two week high of $128.22, and significantly higher than the low of $87.23. This upward trend suggests positive market momentum, providing investors with insights into supportive resistance levels. With its ongoing commitment to innovate and expand within the wellness sector and adaptability to consumer demand, PM emerges as a solid investment choice amid fluctuating market conditions.
| Metric | Value |
|---|---|
| Market Cap | $187.8b |
| Total Debt | $49.2b |
| Total Cash | $4.8b |
| Shares Outstanding | 1.6b |
| Float Shares | 1.6b |
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