Philip Morris International Inc.’s stock price soars to $131.41, marking a robust 10.47% increase: A golden opportunity for investors

Philip Morris International Inc. (PM)

131.41 USD +12.45 (+10.47%) Volume: 14.4M

Philip Morris International Inc.’s stock price soars to 131.41 USD, marking a significant trading session increase of +10.47%, backed by a robust trading volume of 14.4M. The tobacco giant’s stock continues to impress with a year-to-date percentage change of +39.68%, reflecting its consistent strong performance in the market.

Latest developments on Philip Morris International Inc.

Philip Morris International‘s stock price surged to an all-time high following the release of its strong third-quarter earnings report. The company reported record earnings, with revenue hitting $9.9 billion and earnings per share surging to $1.97, exceeding estimates. The growth was driven by the booming demand for Zyn, a smoke-free product, leading to an increase in profit forecast for 2024. Despite losses on the day, Philip Morris outperformed competitors and raised its annual guidance, showcasing its position as a growth stock once again. Investors are urged to consider buying Philip Morris stock now as the company continues to see robust growth and positive outlook in the market.

Philip Morris International Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published insightful reports on Philip Morris International‘s (PMI) performance and growth in the smoke-free product market. In their report titled “Philip Morris International‘s Smoke-Free Product Growth: IQOS and ZYN Leading the Charge! – Major Drivers,” the analysts highlight PMI’s strong performance driven by its transformation towards a smoke-free future. The company’s earnings report showcases impressive growth, especially in segments like IQOS and ZYN. Despite facing regulatory challenges in Europe and supply chain constraints, PMI’s global traction in the smoke-free market is notable.

In another report by Baptista Research, titled “Philip Morris International Inc.: Is The Focus on Smoke-Free Product Portfolio Paying Off? – Major Drivers,” the analysts delve into PMI’s 2024 first-quarter results, revealing significant revenue and operating income growth. The company’s focus on both traditional combustible products and newer smoke-free alternatives has led to improved performance across various sectors. Baptista Research evaluates factors influencing PMI’s stock price and conducts an independent valuation using a Discounted Cash Flow methodology to provide valuable insights for investors on Smartkarma.

A look at Philip Morris International Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, the long-term outlook for Philip Morris International looks promising. The company has received high scores in Dividend, Resilience, and Momentum, indicating strong performance in these areas. With a diverse portfolio of international and local brands, Philip Morris International is well-positioned to continue generating profits and providing steady returns to investors through dividends.

Although the company scored lower in Value and Growth factors, the high scores in Dividend, Resilience, and Momentum suggest that Philip Morris International remains a stable and reliable investment option. Investors looking for a company with a strong track record of paying dividends, resilience in challenging market conditions, and positive momentum may find Philip Morris International to be a favorable choice for long-term growth and income.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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