Philip Morris International Inc. (PM) Stock Rating Lowered by Vetr Inc.
Philip Morris International Inc. (NYSE:PM) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $100.12 target price on the stock. Vetr‘s price objective suggests a potential upside of 11.72% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $116.00 price target (up previously from $114.00) on shares of Philip Morris International in a report on Monday, October 3rd. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Wednesday, October 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $110.00 price target on shares of Philip Morris International in a report on Tuesday, September 27th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $106.00 price target on shares of Philip Morris International in a report on Monday, September 26th. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Philip Morris International in a report on Thursday, September 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $104.82.
Philip Morris International (NYSE:PM) traded up 0.59% on Monday, hitting $89.62. 5,408,592 shares of the company were exchanged. Philip Morris International has a 52 week low of $84.46 and a 52 week high of $104.20. The firm’s 50 day moving average is $94.51 and its 200 day moving average is $98.68. The company has a market capitalization of $139.03 billion, a P/E ratio of 21.44 and a beta of 0.91.
Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.02. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The company earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. Philip Morris International’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International will post $4.53 earnings per share for the current fiscal year.
In other Philip Morris International news, Director Jun Makihara purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average cost of $89.22 per share, with a total value of $178,440.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of PM. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position 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 increased its position 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 increased its position in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock worth $107,000 after buying an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Philip Morris International during the second quarter worth approximately $113,000. Finally, Balentine LLC increased its position 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. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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