Jefferies Group reissued their hold rating on shares of Philip Morris International Inc. (NYSE:PM) in a research note released on Saturday morning. The brokerage currently has a $94.00 price objective on the stock, down from their prior price objective of $101.00.

PM has been the topic of a number of other research reports. Goldman Sachs Group Inc. raised Philip Morris International from a neutral rating to a buy rating and increased their price objective for the company from $106.00 to $114.00 in a report on Monday, September 12th. Zacks Investment Research raised Philip Morris International from a hold rating to a buy rating and set a $108.00 price objective on the stock in a report on Wednesday, October 5th. Vetr raised Philip Morris International from a hold rating to a buy rating and set a $110.00 price objective on the stock in a report on Tuesday, September 13th. Finally, Citigroup Inc. began coverage on Philip Morris International in a report on Tuesday, September 13th. They set a neutral rating and a $106.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $105.13.

Philip Morris International (NYSE:PM) traded down 0.20% during midday trading on Friday, hitting $89.09. The company had a trading volume of 6,470,994 shares. Philip Morris International has a one year low of $83.33 and a one year high of $104.20. The company’s 50 day moving average is $96.28 and its 200-day moving average is $99.09. The company has a market cap of $138.21 billion, a P/E ratio of 21.31 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its 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. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The company had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.01 billion. During the same period in the prior year, the firm posted $1.24 EPS. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International will post $4.54 EPS for the current year.

Several hedge funds have recently modified their holdings of PM. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock worth $101,000 after buying an additional 700 shares during the period. Glassman Wealth Services raised its stake in shares of Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock worth $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC raised its stake in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares during the period. Balentine LLC raised its stake in shares of Philip Morris International by 98.1% in the third quarter. Balentine LLC now owns 1,133 shares of the company’s stock worth $110,000 after buying an additional 561 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares during the period. Institutional investors own 71.07% of the company’s stock.

About Philip Morris International

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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