|Bid||89.62 x 800|
|Ask||92.85 x 800|
|Day's Range||90.43 - 91.28|
|52 Week Range||66.85 - 91.75|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||17.65|
|Earnings Date||Apr 20, 2021|
|Forward Dividend & Yield||4.80 (5.29%)|
|Ex-Dividend Date||Mar 19, 2021|
|1y Target Est||100.22|
Philip Morris' (PM) first-quarter 2021 results are likely to reflect gains from pricing power and growth in RRPs, while soft cigarette volumes have been a concern.
Philip Morris (PM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.