Philip Morris International Receives “Hold” Rating from TheStreet (PM)
Philip Morris International (NYSE:PM)‘s stock had its “hold” rating reiterated by stock analysts at TheStreet in a report issued on Tuesday, Stock Ratings Network 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.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Standpoint Research downgraded shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Monday. Separately, analysts at First Global downgraded shares of Philip Morris International from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. Finally, analysts at EVA Dimensions LLC downgraded shares of Philip Morris International from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $90.63.
In other Philip Morris International news, Director Sergio Marchionne acquired 1,000 shares of Philip Morris International stock on the open market in a transaction dated Friday, February 21st. The shares were purchased at an average price of $79.70 per share, with a total value of $79,700.00. Following the acquisition, the director now directly owns 53,687 shares in the company, valued at approximately $4,278,854. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Philip Morris International (NYSE:PM) traded up 0.63% during mid-day trading on Tuesday, hitting $79.67. The stock had a trading volume of 559,384 shares. Philip Morris International has a 1-year low of $75.28 and a 1-year high of $96.73. The stock has a 50-day moving average of $80.80 and a 200-day moving average of $85.39. The company has a market cap of $126.6 billion and a P/E ratio of 15.05.
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 $5.10 EPS for the current fiscal year.
Philip Morris International Inc (NYSE:PM) is a holding company.
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