Philip Morris International Inc. (NYSE:PM) Given Average Recommendation of “Buy” by Brokerages

Shares of Philip Morris International Inc. (NYSE:PM) have been assigned an average recommendation of “Buy” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $91.14.

PM has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Philip Morris International in a report on Wednesday, April 1st. They issued a “buy” rating and a $80.00 target price on the stock. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup lowered their target price on shares of Philip Morris International from $90.00 to $78.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Cowen raised shares of Philip Morris International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $102.00 in a report on Thursday, February 13th. Finally, Panmure Gordon raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, April 3rd.

Shares of PM stock traded down $0.06 during mid-day trading on Tuesday, reaching $73.73. The company’s stock had a trading volume of 3,869,752 shares, compared to its average volume of 6,231,567. Philip Morris International has a 1-year low of $56.01 and a 1-year high of $90.17. The company has a market cap of $114.23 billion, a P/E ratio of 14.99, a PEG ratio of 2.27 and a beta of 0.77. The firm’s 50-day moving average is $72.69 and its two-hundred day moving average is $80.12.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 21st. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.08. Philip Morris International had a net margin of 9.75% and a negative return on equity of 84.38%. The business had revenue of $7.15 billion for the quarter, compared to analyst estimates of $6.87 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that Philip Morris International will post 4.89 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Formidable Asset Management LLC boosted its stake in shares of Philip Morris International by 8.6% in the 1st quarter. Formidable Asset Management LLC now owns 5,710 shares of the company’s stock valued at $416,000 after purchasing an additional 450 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Philip Morris International in the 1st quarter valued at about $69,000. National Pension Service boosted its stake in shares of Philip Morris International by 1.1% in the 1st quarter. National Pension Service now owns 1,795,440 shares of the company’s stock valued at $130,995,000 after purchasing an additional 20,016 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Philip Morris International by 8,515.5% in the 1st quarter. 1832 Asset Management L.P. now owns 481,175 shares of the company’s stock valued at $35,045,000 after purchasing an additional 475,590 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Philip Morris International by 19.9% in the 1st quarter. Bahl & Gaynor Inc. now owns 44,660 shares of the company’s stock valued at $3,258,000 after purchasing an additional 7,414 shares during the last quarter. 74.69% of the stock is currently owned by institutional investors.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

Featured Story: Cost of Debt

Analyst Recommendations for Philip Morris International (NYSE:PM)

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