Philip Morris International Given “Hold” Rating at TheStreet (PM)
Philip Morris International (NYSE:PM)‘s stock had its “hold” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Analyst Ratings Network.com 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.”
Shares of Philip Morris International (NYSE:PM) opened at 80.75 on Tuesday. Philip Morris International has a 52 week low of $80.77 and a 52 week high of $96.73. The stock’s 50-day moving average is $84. and its 200-day moving average is $86.84. The company has a market cap of $129.4 billion and a P/E ratio of 15.33.
A number of other firms have also recently commented on PM. Analysts at Citigroup Inc. cut their price target on shares of Philip Morris International to $88.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Argus cut their price target on shares of Philip Morris International from $98.00 to $95.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Finally, analysts at BNP Paribas initiated coverage on shares of Philip Morris International in a research note to investors on Thursday, January 16th. They set a “neutral” rating and a $90.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $93.43.
Philip Morris International Inc (NYSE:PM) is a holding company.
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