Philip Morris International Inc.’s Stock Price Surges to $174.64, Marking an Impressive 0.30% Uptick

Philip Morris International Inc. (PM)

174.64 USD +0.52 (+0.30%) Volume: 6.24M

Philip Morris International Inc.’s stock price is currently performing at a robust 174.64 USD, experiencing a slight uptick of +0.30% this trading session with a trading volume of 6.24M. With a year-to-date percentage change of +45.11%, PM’s stock is showcasing a strong bullish trend in the market.

Latest developments on Philip Morris International Inc.

Philip Morris International‘s stock price has been closely watched today as the company celebrates the roll-out of a new Track & Trace mechanism in India to combat illicit tobacco trade. The company is nearing a key resistance level, which has caught the attention of investors. In addition, Philip Morris has been recognized as the Bull of the Day by Zacks, alongside United Parcel Service. Amidst comparisons with Altria and sponsorship of Sustainability LIVE Chicago, Philip Morris continues to make headlines in the consumer staples sector. With Coca-Cola, the company stands out as a top pick according to Morgan Stanley. These recent events have contributed to the fluctuation in Philip Morris International‘s stock price movement today.

Philip Morris International Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Philip Morris International on Smartkarma, an independent investment research network. In their report titled “Philip Morris International: How Important Is The Growth & Capacity Expansion Of ZYN And Its IQOS Innovation For The Future Of The Company?”, the analysts expressed a bullish sentiment. They highlighted the company’s strong start to the year with double-digit growth in organic net revenue, operating income, and adjusted diluted EPS. The smoke-free business segment was a key driver of growth, with ZYN shipment volumes exceeding expectations and IQOS demonstrating positive growth despite regulatory challenges.

In another report by Baptista Research titled “Philip Morris: Is This Tobacco Giant’s Pricing Power Strong Enough to Defy Declining Demand?”, the analysts continued to lean bullish on Philip Morris International. They emphasized the company’s notable performance in 2024, showcasing strengths in the smoke-free product sector and resilient performance in combustible products. The report highlighted the positive momentum in smoke-free products, particularly IQOS, in markets like Japan and parts of Europe. Despite regulatory challenges such as the EU flavor ban, Philip Morris International‘s pricing power and strategic expansion were seen as key factors in defying declining demand.

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

Philip Morris International Inc. has received a high score for Resilience and Momentum in the Smart Scores, indicating strong performance in these areas. This suggests that the company is well-positioned to weather economic uncertainties and maintain its growth momentum in the long term.

While the Value score for Philip Morris International is low, the company has received favorable scores for Dividend and Growth. This indicates that investors can expect stable dividend payouts and potential for growth in the future. Overall, based on the Smart Scores, Philip Morris International shows promise for long-term success in the tobacco industry.

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