Philip Morris International Given Average Recommendation of “Hold” by Brokerages (NYSE:PM)
Shares of Philip Morris International (NYSE:PM) have been given a consensus rating of “Hold” by the nineteen brokerages that are covering the company, American Banking and Market News reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $89.80.
In other Philip Morris International news, VP Joachim Psotta unloaded 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $82.80, for a total value of $828,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 (NYSE:PM) opened at 84.35 on Friday. Philip Morris International has a 52-week low of $75.28 and a 52-week high of $91.81. The stock’s 50-day moving average is $84.98 and its 200-day moving average is $83.6. The company has a market cap of $131.8 billion and a price-to-earnings ratio of 16.65.
Philip Morris International (NYSE:PM) last released its earnings data on Thursday, July 17th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Philip Morris International will post $5.17 EPS for the current fiscal year.
Philip Morris International Inc (NYSE:PM) is a holding company.
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