|Bid||90.80 x 800|
|Ask||91.00 x 1000|
|Day's Range||89.59 - 91.10|
|52 Week Range||66.85 - 91.25|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||17.65|
|Earnings Date||Apr 20, 2021|
|Forward Dividend & Yield||4.80 (5.27%)|
|Ex-Dividend Date||Mar 19, 2021|
|1y Target Est||98.54|
Shares of Philip Morris were climbing Friday morning, boosted by an upgrade from (JPM) which argues that the tobacco giant is leading the global charge in what the firm calls “reduced-risk products” that heat, rather than burn, tobacco. Analyst Jared Dinges lifted his rating on Philip Morris (ticker: PM) to Overweight from Neutral, and his price target to $105 from $81. Dinges writes that the move comes as heated tobacco products have been gaining market share more quickly than he anticipated, especially in key markets like Central and Eastern Europe.
Altria is trying to become less of a cigarette company as demand fades. Is the stock a buy after breaking out then giving back its gains?
Philip Morris' (PM) IQOS devices are gaining traction among consumers. Moreover, pricing power, especially for combustible products, is an upside.