Philip Morris International Inc. (NYSE:PM) plunged -3.45% during previous trade, a total of 9.71M shares exchanged hands compared with its average trading volume of 4.57M shares whereas its relative volume is 2.10. The stock has a market capitalization of $168.89B along with 1.55B outstanding shares. Stock’s intraday price range hit the peak level of $110.73 and touched the lowest level of $108.56.
Most recently Philip Morris International Inc. (NYSE:PM)’s price target was revised on 4/19/17 and according to 15 analysts stock’s price will reach at $115.53 during 52 weeks with standard deviation of 5.65. Stock’s minimum price target estimates has been figured out at $94 while the maximum price target forecast is established at $135, if we look at the price target with an optimistic approach it has upside potential of 23% from its latest closing price of $109.98.
Historically, if we look at price target revisions, one week ago Philip Morris International Inc. (NYSE:PM)’s price target was revised on 4/10/17 by the analysts, however the bullish price estimates of the stock set at $120 while the bearish estimates kept at $104 over the next one year. Stock’s 52-week target was retained at $114.29, the estimates indicates a standard deviation of 7.34.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.65. ABR value is precisely based on brokerage recommendations, where out of 10 brokerage recommendations 6 rate Philip Morris International Inc. (NYSE:PM) stock a Strong Buy, 1 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 1/4/17 the stock of Philip Morris International Inc. (NYSE:PM) downgraded by BofA/Merrill from Buy to Neutral. However previously on 11/14/16 it was upgraded by CLSA from Outperform to Buy. A research note issued on 9/12/16 the stock was upgraded by Goldman from Neutral to Buy.
Philip Morris International Inc. (NYSE:PM) performance over the past one year soared 16.77% whereas its year to date (YTD) performance indicated a bullish trend of 21.32%. During the last six months the stock climbed 16.27%. Quarterly performance of the company shows optimistic momentum of 18.27% while its last one month trend is negative with -3.09%. Stock’s weekly performance expressed down trend of -3.34%.
The company’s price sits 0.50% above from its 50-day moving average of $112.40 and 12.45% far from the stock’s 200-day moving average which is $99.33. Philip Morris International Inc. (NYSE:PM)’s shares are currently trading -4.89% away from the 52-week high price of $115.63 and +29.37% far from the 52-week low price of $85.01.
According to consensus agreement of 9 analysts Philip Morris International Inc. (NYSE:PM) will report earnings per share of $1.03 in their quarterly report and it is expected to announce the company’s results on 4/20/17 Before Market Open. For the current quarter the company has high EPS estimates of $1.06 in contradiction of low EPS estimates of $1. However a year ago for the same quarter the company has reported $0.98 EPS. Current year EPS projections for Philip Morris International Inc. (NYSE:PM) set at $4.88 according to the sentiments of 18 analysts, while its lowest earnings estimates are $4.72 and highest earnings estimates are $5.02.
According to 6 analysts, Philip Morris International Inc. (NYSE:PM)’s revenue estimates for the current quarter are $6.47B meanwhile the company has high revenue estimates of $6.64B in contradiction of low revenue estimates of $6.34B. For the current year the company’s revenue estimates are $28.52B compared to low analyst estimates of $27.61B and high estimates of $29.58B according to the projection of 16 analysts.