Philip Morris International Given Hold Rating at 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 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+. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income.”
Shares of Philip Morris International (NYSE:PM) opened at 78.5674 on Tuesday. 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 $82.45 and its 200-day moving average is $86.05. The company has a market cap of $125.9 billion and a P/E ratio of 14.98.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.37 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that Philip Morris International will post $5.40 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PM. Analysts at Socgen cut their price target on shares of Philip Morris International from $75.00 to $72.00 in a research note on Tuesday. Separately, analysts at BNP Paribas cut their price target on shares of Philip Morris International to $84.00 in a research note on Monday. Finally, analysts at Credit Agricole cut their price target on shares of Philip Morris International from $95.00 to $90.00 in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and an average target price of $90.85.
Philip Morris International Inc (NYSE:PM) is a holding company.
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