Philip Morris International Receives “Hold” Rating from TheStreet (PM)
Philip Morris International (NYSE:PM)‘s stock had its “hold” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Philip Morris International (PM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.”
Several other analysts have also recently commented on the stock. Analysts at Rowe reiterated a “buy” rating on shares of Philip Morris International (NYSE:PM) in a research note to investors on Tuesday, September 3rd. They now have a $95.00 price target on the stock, down previously from $100.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of Philip Morris International (NYSE:PM) from $100.00 to $95.00 in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Philip Morris International (NYSE:PM) in a research note to investors on Thursday, August 29th. They now have a $92.00 price target on the stock, down previously from $95.00. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $94.59.
Shares of Philip Morris International (NYSE:PM) traded up 0.32% during mid-day trading on Thursday, hitting $87.19. The stock had a trading volume of 1,204,524 shares. Philip Morris International has a 52-week low of $82.10 and a 52-week high of $96.73. The stock’s 50-day moving average is $86.32 and its 200-day moving average is $90.36. The company has a market cap of $141.1 billion and a price-to-earnings ratio of 16.89. Philip Morris International also was the target of unusually large options trading on Monday. Stock traders bought 8,458 call options on the company. This represents an increase of 140% compared to the typical volume of 3,518 call options.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.41 by $0.11. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $8.22 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Philip Morris International will post $5.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 11th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Tuesday, September 24th. This is a boost from Philip Morris International’s previous quarterly dividend of $0.85.
Philip Morris International Inc (NYSE:PM) is a holding company.
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