- Philip Morris International (PM, Financial) shares hit a record high following strong Q1 earnings.
- Smoke-free products now contribute 42% of total revenue, driving significant growth.
- Analysts' mixed price targets suggest potential downside; currently rated "Outperform".
Philip Morris International (PM) experienced a 3.7% surge in its stock price, reaching a record $170.15, following the release of its remarkable Q1 earnings report. The company's shift towards smoke-free products, which now represent 42% of its revenue, has significantly propelled its growth. During this period, shipment volumes increased by 14.4%, and gross profit saw a notable 27.7% hike. Furthermore, the adjusted EPS outperformed expectations, reaching $1.69.
Market Analysts' Predictions
According to the one-year price targets provided by 13 analysts, Philip Morris International Inc (PM, Financial) is expected to have an average target price of $154.99. This forecast includes a high estimate of $180.00 and a low of $102.00. The average target implies a potential downside of 5.56% from its current price of $164.11. Investors can explore more detailed forecast data on the Philip Morris International Inc (PM) Forecast page.
Fifteen brokerage firms have collectively given Philip Morris International Inc (PM, Financial) an average recommendation score of 1.9, classifying it as "Outperform." This rating is part of a scale where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the projected GF Value for Philip Morris International Inc (PM, Financial) in the coming year is $125.84. This valuation suggests a potential downside of 23.32% from the current market price of $164.11. The GF Value is an estimate of the stock's fair trading value, calculated based on the historical multiples at which the stock has previously traded, as well as historical and projected business growth metrics. For a deeper analysis, visit the Philip Morris International Inc (PM) Summary page.
