Philip Morris International Inc (NYSE:PM)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They presently have a $125.00 target price on the stock, down from their prior target price of $128.00. Citigroup Inc.’s price objective would suggest a potential upside of 5.14% from the stock’s previous close.

Several other brokerages have also commented on PM. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target for the company. in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $134.00 price target on shares of Philip Morris International in a research note on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $122.00.

Shares of Philip Morris International (NYSE PM) traded down 0.58% during trading on Monday, reaching $118.89. The company had a trading volume of 3,932,845 shares. The firm has a market capitalization of $184.64 billion, a price-to-earnings ratio of 26.34 and a beta of 0.94. The firm has a 50-day moving average of $119.65 and a 200 day moving average of $110.40. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for 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 was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 earnings per share. On average, equities research analysts forecast that Philip Morris International will post $4.86 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arbor Wealth Management LLC increased its position in shares of Philip Morris International by 11.5% in the fourth quarter. Arbor Wealth Management LLC now owns 43,351 shares of the company’s stock worth $4,457,000 after buying an additional 4,474 shares in the last quarter. Girard Securities Inc. increased its position in shares of Philip Morris International by 3.1% in the fourth quarter. Girard Securities Inc. now owns 7,962 shares of the company’s stock worth $728,000 after buying an additional 239 shares in the last quarter. Franklin Resources Inc. increased 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 in the last quarter. First Republic Investment Management Inc. increased its position in shares of Philip Morris International by 2.0% in the fourth quarter. First Republic Investment Management Inc. now owns 349,314 shares of the company’s stock worth $31,959,000 after buying an additional 6,769 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of Philip Morris International by 32.7% in the fourth quarter. Fiera Capital Corp now owns 4,564 shares of the company’s stock worth $417,000 after buying an additional 1,124 shares in the last quarter. 72.33% of the stock is owned by hedge funds and other institutional investors.

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)

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