Philip Morris International Receives Hold Rating from TheStreet (PM)
Philip Morris International (NYSE:PM)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Sunday, AnalystRatingsNetwork reports.
The analysts wrote, “Philip Morris International (PM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.”
A number of other analysts have also recently weighed in on PM. Analysts at Jefferies Group cut their price target on shares of Philip Morris International from $89.00 to $88.00 in a research note to investors on Friday, December 20th. Separately, analysts at Stifel Nicolaus cut their price target on shares of Philip Morris International from $95.00 to $93.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Philip Morris International in a research note to investors on Thursday, November 21st. They now have a $95.00 price target on the stock, down previously from $98.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and a consensus target price of $94.22.
Philip Morris International (NYSE:PM) opened at 85.53 on Friday. Philip Morris International has a 1-year low of $82.86 and a 1-year high of $96.73. The stock has a 50-day moving average of $86.40 and a 200-day moving average of $87.39. The company has a market cap of $137.0 billion and a P/E ratio of 16.33. Philip Morris International also was the target of some unusual options trading on Thursday. Stock investors bought 6,515 put options on the company. This represents an increase of 213% compared to the typical volume of 2,081 put options.
Philip Morris International (NYSE:PM) last released its earnings data on Thursday, October 17th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Philip Morris International will post $5.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Thursday, December 26th will be paid a dividend of 0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Monday, December 23rd.
Philip Morris International Inc (NYSE:PM) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.