Philip Morris International Receives Consensus Recommendation of “Hold” from Analysts (NYSE:PM)
Shares of Philip Morris International (NYSE:PM) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $89.58.
Philip Morris International (NYSE:PM) traded down 1.82% during mid-day trading on Friday, hitting $84.92. The stock had a trading volume of 2,576,664 shares. Philip Morris International has a 52-week low of $75.28 and a 52-week high of $91.81. The stock has a 50-day moving average of $87.72 and a 200-day moving average of $83.73. The company has a market cap of $133.6 billion and a price-to-earnings ratio of 16.77.
Philip Morris International (NYSE:PM) last released its earnings data on Thursday, April 17th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.17 by $0.02. The company had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter last year, the company posted $1.29 earnings per share. Philip Morris International’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Philip Morris International will post $5.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, June 24th.
A number of analysts have recently weighed in on PM shares. Analysts at Renaissance Capital raised their price target on shares of Philip Morris International from $2.00 to $92.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Philip Morris International in a research note on Thursday, May 15th. They now have a $90.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Philip Morris International from $73.60 to $74.20 in a research note on Thursday, April 24th. They now have a “neutral” rating on the stock.
Philip Morris International Inc (NYSE:PM) is a holding company.
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