Philip Morris International Inc (NYSE:PM)‘s stock had its “buy” rating reiterated by research analysts at Cowen and Company in a report issued on Tuesday. They currently have a $135.00 price objective on the stock. Cowen and Company’s target price would indicate a potential upside of 16.13% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC lifted their price objective on Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Citigroup Inc. lifted their price objective on Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and an average price target of $122.86.
Shares of Philip Morris International (PM) traded down 0.27% during mid-day trading on Tuesday, hitting $115.94. The stock had a trading volume of 872,120 shares. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $123.55. The firm has a market cap of $180.08 billion, a PE ratio of 25.69 and a beta of 0.93. The firm has a 50 day moving average price of $117.17 and a 200 day moving average price of $114.03.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the firm posted $1.15 EPS. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Philip Morris International will post $4.83 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Guidant Wealth Advisors increased its position in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares in the last quarter. Gradient Investments LLC increased its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC bought a new position in shares of Philip Morris International during the first quarter valued at about $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International during the first quarter valued at about $114,000. Finally, Acropolis Investment Management LLC bought a new position in shares of Philip Morris International during the first quarter valued at about $117,000. Hedge funds and other institutional investors own 72.30% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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