This Stock Is Cheap And Pays A 5.3% Yield, Making It One Of The Best Stocks To Buy Now

Morningstar rates PM as a 4-star stock, with a fair value estimate of $108.00.

CFRA rates PM as a 5-star "STRONG BUY", with a 12-month target price of $100.00.

Dividend Discount Model Analysis: $98.88

Morningstar Fair Value Estimate: $108.00

CFRA 12-Month Target Price: $100.00

FINAL VALUATION: $102.29

I came out on the low end, but we're all in a pretty tight range.

Averaging the three numbers out gives us a final valuation of $102.29, which would indicate the stock is possibly 13% undervalued, making it one of the best stocks to buy now.

Here's the bottom line, guys: Philip Morris International Inc. is a high-margin business that benefits from extremely unique competitive advantages. After a period of languishment, growth is starting to accelerate. With a market-smashing 5.3% yield, more than a decade straight of dividend raises, inflation-beating dividend growth, and the potential that shares are 13% undervalued, this stock could be a perfect fit for dividend growth investors seeking safe income for their portfolios.

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