Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $105.46 on Philip Morris International Inc (NYSE:PM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.49 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Philip Morris International Inc (NYSE:PM) stands at 23.71.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Philip Morris International Inc, the PEG ratio for coming 3-5 years is 2.67.
The technical analysis highlights that Philip Morris International Inc current is trading $-1.06 points away or -1.06% from its 50-day moving average of $100.16. Further it is trading $0.61 or +0.62% away its 200-day moving average of $98.49.
The 52-week high of Philip Morris International Inc (NYSE:PM) was $104.20 while lowest point recorded in 52-week was $77.00. It implies if stock price makes a movement of over $-5.10, it will record a new 52-week high. In the case of +28.70% drop, it will touch a new 52-week low.
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