Philip Morris International (PM) Rating Reiterated by Piper Jaffray Companies

Philip Morris International (NYSE:PM)‘s stock had its “buy” rating restated by equities research analysts at Piper Jaffray Companies in a report released on Thursday. They presently have a $126.00 price target on the stock. Piper Jaffray Companies’ target price points to a potential upside of 25.51% from the company’s current price.

A number of other equities analysts have also commented on the stock. Morgan Stanley raised their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, January 19th. Citigroup reduced their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $124.36.

Shares of Philip Morris International (NYSE PM) traded up $1.51 during trading hours on Thursday, hitting $100.39. 11,173,553 shares of the stock were exchanged, compared to its average volume of 5,060,000. The stock has a market capitalization of $155,930.00, a price-to-earnings ratio of 22.16, a PEG ratio of 1.96 and a beta of 0.85. Philip Morris International has a fifty-two week low of $96.66 and a fifty-two week 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.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. sell-side analysts expect that Philip Morris International will post 4.74 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Doliver Capital Advisors LP grew its holdings in Philip Morris International by 8.1% in the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after purchasing an additional 2,242 shares during the last quarter. Hourglass Capital LLC grew its holdings in Philip Morris International by 0.9% in the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after purchasing an additional 650 shares during the last quarter. WFG Advisors LP grew its holdings in Philip Morris International by 30.1% in the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after purchasing an additional 2,951 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Philip Morris International by 28.0% in the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Philip Morris International by 1.0% in the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after purchasing an additional 58,900 shares during the last quarter. 72.38% of the stock is currently 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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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