Philip Morris International (NYSE:PM)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Jaffray Companies in a note issued to investors on Thursday, MarketBeat reports. They presently have a $137.00 price target on the stock, up from their prior price target of $130.00. Piper Jaffray Companies’ price objective suggests a potential upside of 31.10% from the company’s previous close.

PM has been the topic of a number of other reports. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $124.77.

Philip Morris International (NYSE PM) opened at $104.50 on Thursday. Philip Morris International has a 52 week low of $89.97 and a 52 week high of $123.55. The stock has a market cap of $162,309.72, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the business posted $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% compared to the same quarter last year. equities research analysts predict that Philip Morris International will post 4.75 EPS for the current year.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

Several large investors have recently modified their holdings of PM. Vanguard Group Inc. raised its holdings in shares of Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after acquiring an additional 2,972,929 shares during the period. Flossbach Von Storch AG increased its stake in Philip Morris International by 539.3% in the 3rd quarter. Flossbach Von Storch AG now owns 3,491,075 shares of the company’s stock valued at $387,544,000 after buying an additional 2,945,025 shares during the last quarter. BlackRock Inc. increased its stake in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC increased its stake in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Philip Morris International by 57.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

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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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