Philip Morris International Inc (PM) Upgraded by TheStreet to B-
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.
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.
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