Philip Morris International (PM) Stock Forecast & Price Target

$118.91

-0.19 (-0.16%)

(As of 10/7/2024 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 11 Analyst Ratings

Sell
1

Hold
3

Buy
7

Based on 11 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 11 analysts, 1 has given a sell rating, 3 have given a hold rating, and 7 have given a buy rating for PM.

Consensus Price Target

$121.45
2.14% Upside

According to the 11 analysts' twelve-month price targets for Philip Morris International, the average price target is $121.45. The highest price target for PM is $145.00, while the lowest price target for PM is $87.50. The average price target represents a forecasted upside of 2.14% from the current price of $118.91.

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PM Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
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)	5 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$121.45	$113.70	$104.22	$109.92
Forecasted Upside	2.14% Upside	-9.63% Downside	2.51% Upside	19.25% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.55	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	2.45% Upside	131.04% Upside	8.01% 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
10/1/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars	Boost Target	Buy ➝ Buy	$118.00 ➝ $135.00	+11.21%
9/26/2024	The Goldman Sachs Group 2 of 5 stars	Boost Target	Buy ➝ Buy	$126.00 ➝ $140.00	+15.77%
9/9/2024	UBS Group 4 of 5 stars	Boost Target	Sell ➝ Sell	$95.00 ➝ $105.00	-17.26%
9/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$130.00 ➝ $145.00	+14.81%
9/4/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$120.00 ➝ $138.00	+8.60%
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%
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7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$110.00 ➝ $125.00	+10.77%
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
6/20/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$109.00 ➝ $117.00	+23.30%
10/27/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$95.00	+5.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:40 AM 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 Sunday, October 6, 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.:

Philip Morris International Inc. has shown consistent revenue growth, with a 5.6% increase in revenue compared to the same quarter last year, indicating a strong financial performance.
The company's stock price has been trading at a 52-week high of $128.22, suggesting positive market sentiment and potential for further growth.
Philip Morris International Inc. reported earnings per share of $1.59 for the last quarter, surpassing analysts' estimates by $0.02, demonstrating profitability and efficiency in operations.
Institutional investors and hedge funds have been increasing their positions in Philip Morris International Inc., signaling confidence in the company's future prospects.
The company has a market capitalization of $187.51 billion, indicating its significant size and stability in the market.

Philip Morris International
Bear Case

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

Philip Morris International Inc. has a negative return on equity of 113.32%, which may raise concerns about the company's ability to generate returns for shareholders.
The stock price of Philip Morris International Inc. has experienced fluctuations, trading down 0.8% recently, indicating potential volatility in the market.
The company's PEG ratio of 2.37 suggests that the stock may be overvalued relative to its earnings growth potential, which could deter value-oriented investors.
Despite revenue growth, Philip Morris International Inc. has a net margin of 9.41%, which is relatively low compared to industry peers, potentially impacting profitability.
While some institutional investors have increased their positions, others have sold shares, indicating mixed sentiment and uncertainty surrounding the company's future performance.

PM Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Philip Morris International is $121.45, with a high forecast of $145.00 and a low forecast of $87.50.
: 11 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, 3 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 upside of 2.14% based on their 12-month stock forecasts.
: Philip Morris International has been rated by research analysts at Bank of America, Barclays, 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.