Philip Morris International (PM) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Philip Morris International (NYSE: PM) recently:

  • 2/9/2018 – Philip Morris International had its price target lowered by analysts at Bank of America Corp from $115.00 to $113.00. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Philip Morris International had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $126.00 price target on the stock.
  • 1/30/2018 – Philip Morris International had its price target raised by analysts at Morgan Stanley from $120.00 to $123.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Philip Morris International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Philip Morris have declined in the past six months, underperforming the industry. Though the company has been benefiting from enhanced volumes and revenues in the reduced risk products category, it has been suffering majorly due to consistent declines in cigarette volumes stemming from the shift of customer preference away from tobacco products. Owing to such headwinds, Phillip Morris continued with its drab performance in third-quarter 2017, wherein both earnings and revenues lagged the Zacks Consensus Estimate. These factors also compelled management to lower its 2017 view. However, Philip Morris’ consistent efforts to improve the performance of its low risk products remain encouraging. In this category, the company’s IQOS smokeless cigarette have been steadily expanding owing to consumer demand.  Higher cigarette pricing has also been favoring the company.”
  • 1/19/2018 – Philip Morris International was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $124.00 price target on the stock.
  • 1/16/2018 – Philip Morris International had its price target lowered by analysts at Citigroup Inc from $117.00 to $114.00. They now have a “neutral” rating on the stock.
  • 1/11/2018 – Philip Morris International had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $137.00 price target on the stock, up previously from $130.00.

Shares of Philip Morris International Inc. (NYSE PM) opened at $99.94 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The stock has a market cap of $155,227.09, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. Philip Morris International Inc. has a 12-month low of $96.66 and a 12-month high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. sell-side analysts predict that Philip Morris International Inc. will post 5.28 earnings per share for the current fiscal year.

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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