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Philip Morris International Inc (NYSE:PM). has reached an all-time high, with its stock price soaring to $153.12. According to InvestingPro data, the tobacco giant boasts a substantial market capitalization of $238 billion and maintains an impressive 17-year track record of consecutive dividend increases. This milestone reflects a significant uptrend for the tobacco giant, marking a remarkable 67.42% increase in its stock value over the past year. The company’s strong financial health score and robust gross profit margins of 65% underscore investor confidence, though technical indicators suggest the stock may be approaching overbought territory. The surge in Philip Morris’s stock price is a testament to the company’s resilience and strategic initiatives that continue to resonate positively within the investment community. For deeper insights into PM’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Philip Morris International has seen several significant developments that may interest investors. Citi analysts have raised their price target for Philip Morris to $163, maintaining a Buy rating, in light of the company’s strong performance in 2024 and optimistic projections for 2025. Citi’s updated model reflects expectations of a 10.1% growth in heated tobacco unit volumes and a projected 11.2% increase in organic operating income for the upcoming fiscal year. Similarly, Stifel analysts have increased their price target to $160, also maintaining a Buy rating, following a robust fourth-quarter earnings report that surpassed their estimates. Philip Morris reported a 10% constant currency growth in earnings per share, driven by over 7% organic sales growth and a 140 basis points expansion in operating profit margin.
In a separate development, Philip Morris shares gained 1% alongside British American Tobacco (NYSE:BTI) and Altria Group (NYSE:MO) after the Trump administration withdrew a proposal to ban menthol cigarettes. This decision removed a significant regulatory risk that could have impacted the tobacco market. The FDA had previously argued that such a ban could reduce youth smoking and improve public health, but the proposal’s withdrawal was seen as positive for the industry. As the market reacts to these developments, Philip Morris continues to focus on expanding its smoke-free product portfolio, which has been a key driver of its financial growth.
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