Philip Morris International (PM) PT Lowered to $114.00

Philip Morris International (NYSE:PM) had its price objective dropped by investment analysts at Citigroup from $117.00 to $114.00 in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 9.09% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on PM. Piper Jaffray Companies reiterated an “overweight” rating and set a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Cowen restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. 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 stock. Philip Morris International has a consensus rating of “Hold” and an average price target of $124.54.

Shares of Philip Morris International (NYSE PM) traded down $0.36 during trading on Tuesday, hitting $104.50. 5,513,800 shares of the company were exchanged, compared to its average volume of 4,410,878. The firm has a market cap of $162,310.00, a PE ratio of 23.07, a P/E/G 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 has a 1-year low of $89.97 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last announced its earnings results 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). The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. equities analysts predict that Philip Morris International will post 4.75 EPS for the current year.

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

Several large investors have recently modified their holdings of the company. Acropolis Investment Management LLC grew its position in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares during the period. Novare Capital Management LLC grew its position in shares of Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after buying an additional 5 shares during the period. Hudock Capital Group LLC boosted its stake in Philip Morris International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after acquiring an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Philip Morris International by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after acquiring an additional 10 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its stake in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 72.35% 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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