Shares of Philip Morris International Inc. (NYSE:PM) have earned an average recommendation of “Buy” from the nineteen brokerages that are covering the stock. Eight investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $104.61.

A number of research analysts have recently commented on PM shares. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $116.00 target price (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 $111.00 target price for the company in a report on Tuesday, September 20th. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, September 13th. Finally, Jefferies Group started coverage on shares of Philip Morris International in a report on Wednesday, September 21st. They issued a “hold” rating and a $96.00 target price for the company.

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Philip Morris International (NYSE:PM) opened at 89.29 on Wednesday. The company has a market cap of $138.52 billion, a price-to-earnings ratio of 21.36 and a beta of 0.91. Philip Morris International has a 52 week low of $84.46 and a 52 week high of $104.20. The firm has a 50-day moving average of $93.88 and a 200-day moving average of $98.46.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. Equities analysts forecast that Philip Morris International will post $4.53 earnings per share for the current year.

In related news, Director Jun Makihara acquired 2,000 shares of Philip Morris International stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $89.22 per share, with a total value of $178,440.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Several hedge funds have recently made changes to their positions in PM. Fundsmith LLP increased its stake in shares of Philip Morris International by 11.6% in the second quarter. Fundsmith LLP now owns 4,367,647 shares of the company’s stock valued at $444,277,000 after buying an additional 454,367 shares during the period. Ngam Advisors L.P. increased its stake in shares of Philip Morris International by 6.4% in the second quarter. Ngam Advisors L.P. now owns 292,270 shares of the company’s stock valued at $29,729,000 after buying an additional 17,707 shares during the period. Badgley Phelps & Bell Inc. increased its stake in shares of Philip Morris International by 20.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 2,918 shares of the company’s stock valued at $297,000 after buying an additional 495 shares during the period. Avalon Advisors LLC increased its stake in shares of Philip Morris International by 1.8% in the first quarter. Avalon Advisors LLC now owns 315,696 shares of the company’s stock valued at $30,973,000 after buying an additional 5,528 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in shares of Philip Morris International by 0.5% in the second quarter. Evercore Wealth Management LLC now owns 50,613 shares of the company’s stock valued at $5,148,000 after buying an additional 247 shares during the period. 71.01% of the stock is owned by 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.

5 Day Chart for NYSE:PM

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