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Philip Morris International Inc. (NYSE:PM) shares have reached an all-time high, touching $148.54, as the tobacco giant continues to defy market expectations. According to InvestingPro data, the stock’s technical indicators suggest it’s in overbought territory, with a market capitalization now reaching $230 billion. This milestone underscores a remarkable period of growth for the company, which has seen its stock value soar by an impressive 66.07% over the past year. With a healthy 3.65% dividend yield and 17 consecutive years of dividend payments, investors have been drawn to Philip Morris’s robust financial performance and strategic initiatives, which have included a focus on smoke-free products and international market expansion. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 15+ additional exclusive insights available to subscribers. The company’s ability to adapt to changing consumer habits and regulatory environments has played a key role in its sustained upward trajectory, marking a significant achievement in an industry facing numerous challenges. With impressive gross profit margins of 64.8% and an overall "GOOD" Financial Health rating from InvestingPro, the company maintains its position as a prominent player in the tobacco industry.
In other recent news, analysts from Citi and Stifel have recently revised their price targets for Philip Morris International Inc., reflecting positive sentiments towards the company’s performance and outlook. Citi, led by Simon Hales, increased their target from $147 to $163, maintaining a Buy rating, while Stifel, led by Matthew Smith, raised their target to $160 from $145, also keeping a Buy rating. These adjustments follow Philip Morris’s strong performance in 2024 and optimistic projections for 2025, including a predicted 11.2% increase in organic operating income and an adjusted EPS of $7.16. Furthermore, Stifel has also reiterated their Buy rating on Philip Morris with a steady price target of $145.
In other recent developments, Philip Morris, along with other defensive stocks, registered gains in the latest trading session. This movement is seen as a shift from tech stocks to safer investments amid growing concerns over the impact of China’s DeepSeek on the tech sector. Additionally, shares of Philip Morris, along with British American Tobacco (NYSE:BTI) and Altria Group (NYSE:MO), climbed following the withdrawal of a proposal that would have banned menthol cigarettes, a decision seen as a positive development for tobacco companies.
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