Philip Morris International Inc (NYSE:PM) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms also recently commented on PM. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated 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, July 22nd. 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. Cowen and Company restated 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. Seven equities research analysts have rated the stock with a hold rating and nine 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 (PM) opened at 114.88 on Friday. The company’s 50-day moving average is $117.56 and its 200-day moving average is $112.93. The stock has a market capitalization of $178.43 billion, a P/E ratio of 25.46 and a beta of 0.93. Philip Morris International has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last issued its earnings results 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 negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International will post $4.83 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Guidant Wealth Advisors raised its position in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after buying an additional 191 shares during the period. 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 worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new position in Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. bought a new position in Philip Morris International during the first quarter worth $114,000. Finally, Acropolis Investment Management LLC bought a new position in Philip Morris International during the first quarter worth $117,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

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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