Philip Morris International (PM) Stock Forecast & Price Target

$132.28 +1.57 (+1.20%)

(As of 11/26/2024 ET)

Philip Morris International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
1

Hold
2

Buy
7

Based on 10 Wall Street analysts who have issued ratings for Philip Morris International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 1 has given a sell rating, 2 have given a hold rating, and 7 have given a buy rating for PM.

Consensus Price Target

$131.50
-0.59% Downside

According to the 10 analysts' twelve-month price targets for Philip Morris International, the average price target is $131.50. The highest price target for PM is $155.00, while the lowest price target for PM is $87.50. The average price target represents a forecasted downside of -0.59% from the current price of $132.28.

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PM Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$131.50	$126.85	$109.80	$109.36
Forecasted Upside	-0.59% Downside	-2.32% Downside	-10.42% Downside	16.28% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Philip Morris International Stock vs. The Competition

Type	Philip Morris International	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.60	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	0.04% Upside	34.72% Upside	6.74% Upside
News Sentiment Rating	Positive News See Recent PM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$145.00 ➝ $155.00	+17.50%
10/23/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$125.00 ➝ $145.00	+10.55%
10/23/2024	UBS Group 4 of 5 stars	Boost Target	Sell ➝ Sell	$103.00 ➝ $105.00	-19.98%
10/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$138.00 ➝ $145.00	+10.51%
10/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$118.50 ➝ $132.00	+11.20%
10/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$118.00 ➝ $135.00	+11.21%
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9/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$126.00 ➝ $140.00	+15.77%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$125.00 ➝ $139.00	+10.56%
3/5/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
2/13/2024	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Hold	$87.50	-2.78%
11/16/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$95.00	+3.56%
10/13/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$111.00 ➝ $105.00	+13.90%
10/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$118.00 ➝ $113.00	+22.76%
6/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Reiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:24 PM ET.

Should I Buy Philip Morris International Stock? PM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Philip Morris International pros and cons to contact@marketbeat.com.

Philip Morris International
Bull Case

Here are some ways that investors could benefit from investing in Philip Morris International Inc.:

The company recently reported earnings per share (EPS) of $1.91, exceeding analysts' expectations of $1.82, indicating strong financial performance.
Philip Morris International Inc. has a market capitalization of approximately $201.47 billion, reflecting its significant size and stability in the market.
The stock is currently trading at $129.58, which is near its 52-week high of $134.15, suggesting strong investor interest and potential for further growth.
Institutional investors own 78.63% of the company's stock, which often indicates confidence in the company's long-term prospects.
The company has shown revenue growth, with a reported $9.91 billion in revenue for the latest quarter, surpassing the consensus estimate of $9.68 billion.

Philip Morris International
Bear Case

Investors should be bearish about investing in Philip Morris International Inc. for these reasons:

The company has a negative return on equity of 117.94%, which may raise concerns about its profitability and efficiency in generating returns for shareholders.
Despite recent earnings growth, the net margin stands at only 10.35%, indicating that a relatively small portion of revenue is converted into profit.
Recent stock price fluctuations, with a decrease of 1.6% in a single trading session, may signal volatility and uncertainty in the market.
AMG National Trust Bank recently reduced its holdings in the company by 32.2%, which could suggest a lack of confidence among some institutional investors.
The company operates in a highly regulated industry, which can pose risks and uncertainties that may affect future growth and profitability.

PM Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Philip Morris International is $131.50, with a high forecast of $155.00 and a low forecast of $87.50.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Philip Morris International in the last year. There is currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PM shares.
: According to analysts, Philip Morris International's stock has a predicted downside of -0.59% based on their 12-month stock forecasts.
: Philip Morris International has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Stifel Nicolaus, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like Philip Morris International more than other "consumer staples" companies. The consensus rating for Philip Morris International is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how PM compares to other companies.

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This page (NYSE:PM) was last updated on 11/26/2024 by MarketBeat.com Staff

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Philip Morris International (PM) Stock Forecast & Price Target