The stock price of Philip Morris International Inc. (NYSE: PM) has jumped by 1.22 compared to previous close of 95.79. Despite this, the company has seen a gain of 2.57% in its stock price over the last five trading days. InvestorPlace reported 2023-09-18 that While wading through difficult waters, investors would be wise to lean into stocks to buy that come with Wall Street’s seal of approval. Let’s face it: while analysts and experts occasionally miss the mark, more often than not, they nail it.
Is It Worth Investing in Philip Morris International Inc. (NYSE: PM) Right Now?
Philip Morris International Inc. (NYSE: PM) has a price-to-earnings ratio of 18.76x that is above its average ratio. Additionally, the 36-month beta value for PM is 0.74. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
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The average price predicted by analysts for PM is $114.78, which is $16.73 above the current price. The public float for PM is 1.55B and currently, short sellers hold a 0.40% ratio of that float. The average trading volume of PM on September 19, 2023 was 3.86M shares.
PM’s Market Performance
PM’s stock has seen a 2.57% increase for the week, with a 3.81% rise in the past month and a 2.18% gain in the past quarter. The volatility ratio for the week is 1.10%, and the volatility levels for the past 30 days are at 1.22% for Philip Morris International Inc. The simple moving average for the past 20 days is 2.16% for PM’s stock, with a -0.84% simple moving average for the past 200 days.
Analysts’ Opinion of PM
Many brokerage firms have already submitted their reports for PM stocks, with Citigroup repeating the rating for PM by listing it as a “Buy.” The predicted price for PM in the upcoming period, according to Citigroup is $117 based on the research report published on June 20, 2023 of the current year 2023.
PM Trading at 0.45% from the 50-Day Moving Average
After a stumble in the market that brought PM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.20% of loss for the given period.
Volatility was left at 1.22%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares surge +2.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.76% lower at present.
During the last 5 trading sessions, PM rose by +2.57%, which changed the moving average for the period of 200-days by -0.85% in comparison to the 20-day moving average, which settled at $95.04. In addition, Philip Morris International Inc. saw -4.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PM starting from Barth Werner, who sale 8,000 shares at the price of $98.35 back on Mar 02. After this action, Barth Werner now owns 87,321 shares of Philip Morris International Inc., valued at $786,816 using the latest closing price.
Calantzopoulos Andre, the Exec. Chairman of the Board of Philip Morris International Inc., sale 80,000 shares at $100.35 during a trade that took place back on Feb 17, which means that Calantzopoulos Andre is holding 1,007,048 shares at $8,028,000 based on the most recent closing price.
Stock Fundamentals for PM
Current profitability levels for the company are sitting at:
- +39.17 for the present operating margin
- +63.84 for the gross margin
The net margin for Philip Morris International Inc. stands at +28.62. The total capital return value is set at 43.05, while invested capital returns managed to touch 43.62. Equity return is now at value -87.40, with 14.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 5.73, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 7.25 and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In conclusion, Philip Morris International Inc. (PM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
