Philip Morris International Receives Hold Rating from TheStreet (PM)
Philip Morris International (NYSE:PM)‘s stock had its “hold” rating restated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, StockRatingsNetwork 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.”
Philip Morris International (NYSE:PM) traded down 0.21% during mid-day trading on Tuesday, hitting $86.40. 1,952,848 shares of the company’s stock traded hands. Philip Morris International has a 1-year low of $82.10 and a 1-year high of $96.73. The stock has a 50-day moving average of $86.15 and a 200-day moving average of $90.13. The company has a market cap of $139.8 billion and a P/E ratio of 16.82.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 18th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 11th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, September 24th. This is a positive change from Philip Morris International’s previous quarterly dividend of $0.85.
A number of other firms have also recently commented on PM. Analysts at JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $108.00 to $109.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Credit Agricole raised their price target on shares of Philip Morris International from $95.00 to $100.00 in a research note to investors on Wednesday, October 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Rowe reiterated a “buy” rating on shares of Philip Morris International 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. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $95.95.
Philip Morris International Inc (NYSE:PM) is a holding company.
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