Philip Morris International Inc. (NYSE:PM)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They currently have a $120.00 price objective on the stock, down from their previous price objective of $121.00. Jefferies Group LLC’s price objective indicates a potential upside of 4.53% from the stock’s previous close. Jefferies Group also issued estimates for Philip Morris International’s FY2019 earnings at $6.18 EPS.

A number of other brokerages also recently issued reports on PM. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Vetr raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price objective for the company in a research report on Tuesday, May 16th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $122.79.

Philip Morris International (PM) opened at 114.80 on Thursday. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55. The stock’s 50 day moving average price is $116.89 and its 200 day moving average price is $114.25. The company has a market capitalization of $178.31 billion, a P/E ratio of 25.44 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the company posted $1.15 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Philip Morris International will post $4.82 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Philip Morris International Inc. (PM) Rating Reiterated by Jefferies Group LLC” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/26/philip-morris-international-inc-pm-rating-reiterated-by-jefferies-group-llc.html.

A number of hedge funds and other institutional investors have recently modified their holdings of PM. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares in the last quarter. State Street Corp boosted its stake in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares in the last quarter. FMR LLC boosted its stake in shares of Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Philip Morris International by 2.9% in the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after buying an additional 210,869 shares in the last quarter. 72.30% of the stock is owned by institutional investors.

Philip Morris International Company Profile

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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

Receive News & Stock Ratings for Philip Morris International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc. and related stocks with our FREE daily email newsletter.