- Philip Morris International (PM, Financial) hits a record high following robust earnings results.
- Wall Street analysts predict a potential downturn from the current stock price.
- GuruFocus GF Value estimates suggest an overvaluation of the stock.
Philip Morris International (NYSE: PM) continues to impress investors as the tobacco giant reached a new all-time high buoyed by stellar financial performance. With adjusted earnings per share reported at $1.69, the company beat expectations by $0.08. Moreover, the revenue of $9.3 billion exceeded forecasts by $160 million, underlining its strong market position.
Wall Street Analysts' Insights
Analysts remain cautious in their one-year price targets for Philip Morris International Inc. (PM, Financial), presenting an average target of $154.99. This forecast range includes a high of $180.00 and a low of $102.00, suggesting a potential downside of 5.56% from the current stock price of $164.11. Further detailed projections can be explored on the Philip Morris International Inc (PM) Forecast page.
Brokerage Recommendations
The collective insight from 15 brokerage firms assigns Philip Morris International Inc. (PM, Financial) an average recommendation of 1.9, indicating an "Outperform" status. The recommendation scale ranges from 1 (a Strong Buy) to 5 (a Sell), reinforcing a positive yet cautiously optimistic outlook.
GuruFocus Valuation Analysis
According to GuruFocus, the GF Value for Philip Morris International Inc. (PM, Financial) is estimated at $125.84 over the next year. This suggests a possible downside of 23.32% from its current price of $164.11. The GF Value reflects a comprehensive estimate of fair value by considering historical stock multiples, past growth, and future performance projections. For more in-depth data, visit the Philip Morris International Inc (PM) Summary page.
