Philip Morris International Inc. (NYSE:PM) – Stock analysts at Credit Agricole SA lowered their FY2016 earnings per share estimates for Philip Morris International in a research note issued to investors on Monday. Credit Agricole SA analyst M. Lavery now forecasts that the firm will post earnings of $4.49 per share for the year, down from their previous forecast of $4.53. Credit Agricole SA currently has a “Outperform” rating on the stock. Credit Agricole SA also issued estimates for Philip Morris International’s FY2017 earnings at $4.91 EPS and FY2018 earnings at $5.50 EPS.

Other equities research analysts have also issued reports about the company. Goldman Sachs Group Inc. restated a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, October 5th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, September 13th. Finally, Jefferies Group started coverage on Philip Morris International in a research report on Wednesday, September 21st. They set a “hold” rating and a $96.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $105.57.

Earnings History and Estimates for Philip Morris International (NYSE:PM)

Philip Morris International (NYSE:PM) opened at 89.27 on Wednesday. Philip Morris International has a 1-year low of $84.46 and a 1-year high of $104.20. The stock’s 50 day moving average price is $95.24 and its 200 day moving average price is $98.89. The company has a market cap of $138.49 billion, a P/E ratio of 21.36 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. The company earned $6.98 billion during the quarter, compared to the consensus estimate of $7.01 billion. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Scout Investments Inc. boosted its position in Philip Morris International by 1.6% in the third quarter. Scout Investments Inc. now owns 3,700 shares of the company’s stock valued at $360,000 after buying an additional 57 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Philip Morris International by 1.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,237,185 shares of the company’s stock worth $4,203,519,000 after buying an additional 448,142 shares during the period. OLD Republic International Corp boosted its stake in Philip Morris International by 53.2% in the third quarter. OLD Republic International Corp now owns 570,200 shares of the company’s stock worth $51,646,000 after buying an additional 198,000 shares during the period. CORDA Investment Management LLC. boosted its stake in Philip Morris International by 0.7% in the third quarter. CORDA Investment Management LLC. now owns 55,574 shares of the company’s stock worth $5,434,000 after buying an additional 367 shares during the period. Finally, LPL Financial LLC boosted its stake in Philip Morris International by 1.7% in the third quarter. LPL Financial LLC now owns 60,070 shares of the company’s stock worth $5,789,000 after buying an additional 996 shares during the period. Hedge funds and other institutional investors own 71.07% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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