Philip Morris International (PM) Stock Rating Reaffirmed by Piper Jaffray Companies

Philip Morris International (NYSE:PM)‘s stock had its “overweight” rating reissued by analysts at Piper Jaffray Companies in a report issued on Thursday, MarketBeat reports. They currently have a $137.00 price objective on the stock, up from their previous price objective of $130.00. Piper Jaffray Companies’ price target points to a potential upside of 31.10% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Wells Fargo & Co reissued an “outperform” rating and set a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and set a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Bank of America dropped their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Finally, Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $124.77.

Shares of Philip Morris International (NYSE PM) opened at $104.50 on Thursday. Philip Morris International has a twelve month low of $89.97 and a twelve month high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The firm has a market capitalization of $162,310.00, a price-to-earnings ratio of 23.07, a PEG ratio of 1.88 and a beta of 0.89.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts forecast that Philip Morris International will post 4.75 EPS for the current fiscal year.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of PM. Mitchell Mcleod Pugh & Williams Inc. grew its position in Philip Morris International by 10.3% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,486 shares of the company’s stock valued at $580,000 after acquiring an additional 512 shares during the last quarter. Daiwa SB Investments Ltd. grew its position in Philip Morris International by 0.9% in the fourth quarter. Daiwa SB Investments Ltd. now owns 86,970 shares of the company’s stock valued at $9,188,000 after acquiring an additional 790 shares during the last quarter. Country Trust Bank grew its position in Philip Morris International by 23.2% in the fourth quarter. Country Trust Bank now owns 64,268 shares of the company’s stock valued at $6,790,000 after acquiring an additional 12,110 shares during the last quarter. First American Trust FSB grew its position in Philip Morris International by 15.5% in the fourth quarter. First American Trust FSB now owns 3,736 shares of the company’s stock valued at $395,000 after acquiring an additional 500 shares during the last quarter. Finally, Windward Capital Management Co. CA grew its position in Philip Morris International by 7.3% in the fourth quarter. Windward Capital Management Co. CA now owns 116,939 shares of the company’s stock valued at $12,354,000 after acquiring an additional 7,929 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

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About Philip Morris International

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.

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