Philip Morris International Inc. (NYSE:PM) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, May 15th. They presently have a $108.70 price target on the stock. Vetr‘s price objective points to a potential downside of 9.29% from the stock’s previous close.

A number of other brokerages also recently commented on PM. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Wednesday, March 29th. Jefferies Group LLC reaffirmed a “hold” rating and set a $104.00 target price on shares of Philip Morris International in a research note on Friday, March 24th. Citigroup Inc lifted their target price on shares of Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. Goldman Sachs Group Inc lifted their target price on shares of Philip Morris International from $101.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Barclays PLC lifted their target price on shares of Philip Morris International from $108.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $116.77.

Analyst Recommendations for Philip Morris International (NYSE:PM)

Shares of Philip Morris International (NYSE:PM) traded up 0.29% during trading on Monday, reaching $119.83. 2,243,130 shares of the company traded hands. The firm has a 50 day moving average of $113.11 and a 200 day moving average of $102.50. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $119.88. The stock has a market capitalization of $186.11 billion, a PE ratio of 26.52 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period last year, the firm earned $0.98 earnings per share. Philip Morris International’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts predict that Philip Morris International will post $4.89 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC boosted its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC acquired a new position in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. acquired a new position in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC acquired a new position in shares of Philip Morris International during the first quarter worth $117,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Philip Morris International by 151.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,080 shares of the company’s stock worth $122,000 after buying an additional 650 shares during the period. 71.65% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

To view Vetr’s full report, visit Vetr’s official website.

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