Philip Morris International Price Target Increased to $88.00 by Analysts at Renaissance Capital (PM)
Equities research analysts at Renaissance Capital boosted their target price on shares of Philip Morris International (NYSE:PM) from $3.00 to $88.00 in a research note issued to investors on Friday, American Banking and Market News reports. Renaissance Capital’s price target would suggest a potential upside of 9.66% from the stock’s previous close.
PM has been the subject of a number of other recent research reports. Analysts at Socgen initiated coverage on shares of Philip Morris International in a research note to investors on Friday, January 31st. They set a “sell” rating on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Philip Morris International in a research note to investors on Thursday, January 30th. They set a “sell” rating on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International in a research note to investors on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $92.31.
Philip Morris International (NYSE:PM) traded up 2.74% on Friday, hitting $80.25. 8,663,186 shares of the company’s stock traded hands. Philip Morris International has a 1-year low of $75.28 and a 1-year high of $96.73. The stock’s 50-day moving average is $82. and its 200-day moving average is $86.22. The company has a market cap of $128.6 billion and a P/E ratio of 14.83. Philip Morris International also was the target of some unusual options trading activity on Wednesday. Investors acquired 6,059 put options on the company. This represents an increase of 101% compared to the average volume of 3,012 put options.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.37 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.37. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter last year, the company posted $1.24 earnings per share. Philip Morris International’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Philip Morris International will post $5.40 EPS for the current fiscal year.
Philip Morris International Inc (NYSE:PM) is a holding company.
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