Philip Morris International Inc (NYSE:PM) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday.

PM has been the subject of a number of other research reports. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price target for the company. in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a report on Saturday. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Wednesday, March 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Philip Morris International in a report on Wednesday, April 19th. Finally, Bank of America Corporation upped their price target on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $121.46.

Shares of Philip Morris International (NYSE:PM) traded down 0.23% during mid-day trading on Thursday, 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 stock has a 50 day moving average of $119.65 and a 200-day moving average of $110.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, analysts expect that Philip Morris International will post $4.87 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Gradient Investments LLC raised its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC purchased a new position in Philip Morris International during the first quarter valued at approximately $113,000. American Beacon Advisors Inc. purchased a new position in Philip Morris International during the first quarter valued at approximately $114,000. Acropolis Investment Management LLC purchased a new position in Philip Morris International during the first quarter valued at approximately $117,000. Finally, Gemmer Asset Management LLC raised its position in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares in the last quarter. Institutional investors own 72.31% of the company’s stock.

Philip Morris International Company Profile

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)

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