Philip Morris Surpasses Analyst Target Price: What’s Next for Investors?
Shares of Philip Morris International Inc (Symbol: PM) have recently risen above the average analyst 12-month target price of $128.78, trading at $131.41 per share. Analysts typically face two choices when a stock meets their target: downgrade the valuation or raise the target price. Their reaction often hinges on the company’s business developments, indicating a positive outlook may warrant a higher target.
Within the Zacks coverage, nine analysts contributed to the average for Philip Morris International Inc. This average serves as a mathematical midpoint that does not reflect every opinion equally. For instance, one analyst predicts a target of just $102.00, while another has set theirs as high as $145.00. The variability among forecasts is indicated by a standard deviation of $15.904.
Understanding the average target price of PM can provide insight into collective market sentiment. As PM crosses above the established target price, it prompts investors to consider whether $128.78 is simply a waypoint toward even higher targets, or if current valuations are becoming excessive, signaling a potential time to reduce holdings. Below is a summary of current analyst positions on Philip Morris International Inc:
| Recent PM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 7 | 8 | 8 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.91 | 1.91 | 1.83 | 1.83 |
The average rating is scored on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. This analysis utilizes data sourced from Zacks Investment Research via Quandl.com. To view the latest Zacks research report on PM, you can access it for free.
Check Out the Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
AAON Split History
GBOX Shares Outstanding History
VLY Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
