Philip Morris International Inc (PM) Stock Rating Upgraded by BidaskClub
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.
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.
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