Philip Morris International Inc (NYSE:PM)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Saturday. They presently have a $133.00 price target on the stock, down from their previous price target of $134.00. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 11.22% from the stock’s current price.

PM has been the subject of several other research reports. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a report on Monday, May 22nd. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Wednesday, March 29th. Cowen and Company reissued an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a report on Wednesday, April 19th. Bank of America Corporation increased their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC set a $111.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a report on Wednesday, April 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $121.46.

Philip Morris International (PM) traded down 0.23% during midday trading on Friday, reaching $119.58. The company had a trading volume of 3,543,571 shares. The company has a market capitalization of $185.72 billion, a price-to-earnings ratio of 26.47 and a beta of 0.94. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55. The firm has a 50-day moving average price of $119.65 and a 200-day moving average price of $110.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Philip Morris International will post $4.87 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Goldman Sachs Group, Inc. (The) Reiterates “Buy” Rating for Philip Morris International Inc (NYSE:PM)” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/22/goldman-sachs-group-inc-the-reiterates-buy-rating-for-philip-morris-international-inc-nysepm.html.

Several institutional investors have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $351,755,000. C WorldWide Group Holding A S raised its position in shares of Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock worth $341,770,000 after buying an additional 1,255,776 shares during the period. Franklin Resources Inc. raised its position in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock worth $800,847,000 after buying an additional 1,240,300 shares during the period. Swiss National Bank raised its position in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares during the period. Finally, State Street Corp raised its position in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after buying an additional 1,058,408 shares during the period. 72.31% 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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.