Philip Morris International Inc (PM) Given a $130.00 Price Target by Piper Jaffray Companies Analysts
Philip Morris International Inc (NYSE:PM) received a $130.00 price target from equities researchers at Piper Jaffray Companies in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 26.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and increased their target price for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Wells Fargo & Company reissued an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $124.23.
Shares of Philip Morris International (NYSE PM) opened at $102.64 on Thursday. The firm has a market capitalization of $159,420.00, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.07 and a beta of 0.91. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. analysts predict that Philip Morris International will post 4.76 EPS for the current year.
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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Guidant Wealth Advisors raised its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after buying an additional 191 shares during the period. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International in the first quarter worth about $114,000. Vantage Investment Advisors LLC raised its stake in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after buying an additional 10 shares during the period. Acropolis Investment Management LLC raised its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after buying an additional 962 shares during the period. 72.22% of the stock is currently owned by institutional investors.
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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