The Bullseye Now Turns To The Procter & Gamble Company (PG), Philip Morris International Inc. (PM)

A look at PG technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.2 point. Its trading volume has lost -1222442 shares compared to readings over the past three months as it recently exchanged 9767558 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 10990000 shares, and this is 0.89 times the normal volume.

The Procter & Gamble Company (NYSE:PG) climbed by 5.1% over the past three months which led to its overall six-month increase to stand at 16.08%. The equity price rose 3.43% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 1.65% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 6.62% and is now up by 1.76% since start of this year.

The shares of The Procter & Gamble Company dropped by -3.46% or -$3.35 from its last recorded high of $96.89 which it attained on December 14 to close at $93.54 per share. Over the past 52 weeks, the shares of The Procter & Gamble Company has been trading as low as $70.73 before witnessing a massive surge by 32.25% or $22.81. This price movement has led to the PG stock receiving more attention and has become one to watch out for. It jumped by 0.02% on Tuesday and this got the market excited. The stock’s beta now stands at 0.35 and when compared to its 200-day moving average and its 50-day moving average, PG price stands 12.5% above and 1.18% above respectively. Its average daily volatility for this week is 1.72% which is more than the 1.66% recorded over the past month.

Experts from research firms are bullish about the near-term performance of The Procter & Gamble Company (PG) with most of them predicting a $93.33 price target on a short-term (12 months) basis. The average price target by the analysts will see a -0.22% rise in the stock and would lead to PG’s market cap to surge to $235.19B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 24 analysts that track The Procter & Gamble Company (NYSE:PG) and find out that 16 of them rated it as a Hold. 7 of the 8 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Philip Morris International Inc. (NYSE:PM) currently stands at $74.41 after it went up by $0.06 or 0.08% and has found a strong support at $73.91 a share. If the PM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $73.4 mark would also be bad for the stock as it means that the stock would plunge by 1.36% from its current position. However, if the stock price is able to trade above the resistance point around $75.05, then it could likely surge higher to try and break the upward resistance which stands at $75.68 a share. Its average daily volatility over the past one month stands at 2.52%. The stock has plunged by 0.5% from its 52-weeks high of $74.04 which it reached on Sep. 03, 2018. In general, it is 13.09% above its 52-weeks lowest point which stands at $64.67 and this setback was observed on Dec. 27, 2018.

Analysts have predicted a price target for Philip Morris International Inc. (PM) for 1 year and it stands at an average $88.21/share. This means that it would likely increase by 18.55% from its current position. The current price of the stock has been moving between $74.04 and $75.18. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $66. On the other hand, one analyst is super bullish about the price, setting a target as high as $110.

The PM stock Stochastic Oscillator (%D) is at 78.99%, which means that it is currently neutral. The shares P/S ratio stands at 3.8 which compares to the 3.93 recorded by the industry or the 5.83 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.07, which is higher than the 13.97 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -1% over the past five years.

Analysts view Philip Morris International Inc. (NYSE:PM) as a Hold, with 2.3 consensus rating. Reuters surveyed 19 analysts that follow PM and found that 7 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Philip Morris International Inc. (PM) shares or sell it if they already own it.