Philip Morris International Price Target Lowered to $84.00 at Jefferies Group (PM)
Research analysts at Jefferies Group decreased their price objective on shares of Philip Morris International (NYSE:PM) from $88.00 to $84.00 in a report released on Tuesday, American Banking News reports. Jefferies Group’s price objective would suggest a potential upside of 4.49% from the company’s current price.
PM has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, February 11th. Separately, 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, February 11th. Finally, analysts at BNP Paribas cut their price target on shares of Philip Morris International to $84.00 in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $90.63.
Philip Morris International (NYSE:PM) opened at 80.39 on Tuesday. Philip Morris International has a 52-week low of $75.28 and a 52-week high of $96.73. The stock has a 50-day moving average of $81.82 and a 200-day moving average of $85.82. The company has a market cap of $127.7 billion and a price-to-earnings ratio of 15.06.
Philip Morris International (NYSE:PM) last announced its earnings results 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. On average, analysts predict that Philip Morris International will post $5.20 earnings per share for the current fiscal year.
Philip Morris International Inc (NYSE:PM) is a holding company.
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