Philip Morris International Receives Consensus Rating of “Hold” from Brokerages (NYSE:PM)
Philip Morris International (NYSE:PM) has received an average rating of “Hold” from the nineteen analysts that are covering the stock, Stock Ratings Network.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $89.80.
Shares of Philip Morris International (NYSE:PM) opened at 82.71 on Friday. 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 $85. and a 200-day moving average of $83.65. The company has a market cap of $129.2 billion and a price-to-earnings ratio of 16.43.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.17. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the company posted $1.30 earnings per share. Philip Morris International’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Philip Morris International will post $5.17 earnings per share for the current fiscal year.
PM has been the subject of a number of recent research reports. Analysts at BNP Paribas raised their price target on shares of Philip Morris International from $85.00 to $88.00 in a research note on Friday, July 18th. Separately, analysts at Nomura raised their price target on shares of Philip Morris International from $74.20 to $74.80 in a research note on Tuesday, July 15th. Finally, analysts at Credit Agricole raised their price target on shares of Philip Morris International from $90.00 to $92.00 in a research note on Friday, July 11th. They now have an “outperform” rating on the stock.
Philip Morris International Inc (NYSE:PM) is a holding company.
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