PM stock: buy or sell

PM stock price: $94.19 0.20% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

PM stock brief

  • Philip Morris closed on Wednesday at $94.19 after slightly changing a 0.20%.
  • Philip Morris posted its earnings report on Tuesday
  • The price is currently above the upper Bollinger band, which often indicates a short-term correction
  • Morgan Stanley posted a buy rating for Philip Morris on Wednesday, with a forecast of $105.00
  • Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories.

Should I buy Philip Morris stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PM stock a buy?

In the current situation of Philip Morris there is not any eligible buy setup. This doesn't mean we expect a selloff for $PM in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Philip Morris stock?

"To sell or not to sell", if you are holding Philip Morris stock?. Much like when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must adhere our own trading style. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short $PM stock

A guiding principle is that you should not hold an investment that leads to losses greater than those expected at the time of purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Philip Morris stock?

Currently, Philip Morris stock doesn't match any of our preferred sell setups, so if you own Philip Morris shares and your operation is in profit probably is not time to sell now

Philip Morris ratings

In the last month, 3 ratings were published for Philip Morris. General sentiment is bullish, with 3 out of 3 posting positive forecasts

Philip Morris analysts' ratings - Last 30 days
Brokerage firmRating
Apr 9th, 2021
JPMorgan Chase & Co. NeutralBuy
Apr 15th, 2021
JPMorgan Chase & Co. NeutralBuy
Apr 21st, 2021
Morgan Stanley Buy

Philip Morris stock analysis

Since last February, Philip Morris has been drawing an uptrend that by now marked a gorgeous 21.85%. Rising highs and lows can be seen easily on a chart and how price action gave very few buy points on the breakouts. Latest low was last February, when price bounced at $82.87. Philip Morris broke out above $87.02 (its last top) in mid-March. That breakout was a good buy point

SMAs overview

PM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $94.34 (0.16% above)
  • R2: $94.51 (0.34% above)
  • R3: $96.06 (1.99% above)
  • The current supports are:

  • S1: $93.10 (-1.16% below)
  • S2: $92.65 (-1.63% below)
  • S3: $92.31 (-2.00% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it tells that the stock is maintaining a very strong trend and therefore can correct the trend to the average. For this case, the price is over the upper band, and that should mean a short-term corrective movement (at least) until it is below the band

    PM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in late March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 69.43. Philip Morris price exploded a 3.52% since RSI lost the overbought zone

    PM stock RSI chart

    Philip Morris stock price history

    Philip Morris went public priced at an adjusted price1 of $27.37 on Mar 2008. Since then, PM stock surged by 244.14%, with an average of 18.78% per year. If you had invested $1,000USD in Philip Morris stock on Mar 2008, it would be valued $3,441.36 today.

    1: Adjusted price after possible price splits or reverse-splits

    PM stock price history chart

    Price target for Philip Morris stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and many times. If you are a small trader you don't have to invest based on these projections.

    Averaging all price targets exposed below, the estimated price for Philip Morris stock is $105.00. That is a 11.48% than the current price ($94.19).

    Philip Morris stock price predictions
    Brokerage firmPrice target
    Apr 9th, 2021
    JPMorgan Chase & Co. $81.00$105.00
    Apr 15th, 2021
    JPMorgan Chase & Co. $81.00$105.00
    Apr 21st, 2021
    Morgan Stanley $103.00$105.00

    Earnings and financials

    Financial call was hosted by Philip Morris ($PM) on Tuesday after presenting the earnings report. PM presented earnings of $1.57 per share on revenue of $7.6 billion. The Wall St estimate was $1.40 per share on revenue of $7.3 billion.

    In comparison, the EPS for the same quarter last year was $1.21, so current EPS is a gain of 29.75%. Looking at sales, figures just moved compared to $77.1B same quarter a year ago.

    PM ($PM) posts quarterly earnings report next July.

    Philip Morris performance

    PM performance compared
    Company1m3m6m
    Philip Morris ($PM) 5.30% 16.50% 24.50%

    Please read:
    The opinions contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the particular situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for education motives only

    PM summary

    Wednesday, April 21st, 2021
    Open$94
    Close$94.19
    Day range$93.97 - $95.6
    Previous close$94
    Session gain0.20%
    Average true range$1.87
    50d mov avg$87.46
    100d mov avg$83.83
    200d mov avg$78.83
    Earnings dateJuly 20th, 2021

    Frequently asked questions

    What is Philip Morris stock symbol?

    Philip Morris International Inc. is a public company trading in the US stock market with the PM symbol

    Is Philip Morris stock a buy or sell?

    Philip Morris received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will PM go up?

    Philip Morris had different price predictions posted by market analysts in the last 30 days setting the target price to $105.00. That is a 11.48% than the last price ($94.19).