Philip Morris International (NYSE:PM) had its price target lowered by Bank of America from $115.00 to $113.00 in a research note released on Friday. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently commented on PM. Piper Jaffray Companies reaffirmed a buy rating and issued a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Morgan Stanley upped their price objective on Philip Morris International from $120.00 to $123.00 and gave the company an overweight rating in a research report on Tuesday, January 30th. Jefferies Group cut their price objective on Philip Morris International from $120.00 to $116.00 and set a hold rating on the stock in a research report on Thursday, October 12th. Societe Generale raised Philip Morris International from a hold rating to a buy rating in a research report on Friday, October 20th. Finally, Citigroup cut their price objective on Philip Morris International from $125.00 to $117.00 and set a neutral rating on the stock in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $123.79.

Shares of Philip Morris International (NYSE PM) opened at $102.40 on Friday. Philip Morris International has a twelve month low of $96.66 and a twelve month high of $123.55. The firm has a market capitalization of $159,050.00, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.99 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. equities analysts forecast that Philip Morris International will post 5.28 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of PM. Flossbach Von Storch AG grew its position in shares of Philip Morris International by 89.4% during the 4th quarter. Flossbach Von Storch AG now owns 6,612,322 shares of the company’s stock worth $698,592,000 after buying an additional 3,121,247 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Philip Morris International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after buying an additional 2,972,929 shares in the last quarter. BlackRock Inc. grew its position in shares of Philip Morris International by 2.7% during the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after buying an additional 2,421,533 shares in the last quarter. FMR LLC grew its position in shares of Philip Morris International by 12.5% during the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after buying an additional 2,330,864 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Philip Morris International by 57.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after buying an additional 2,139,002 shares in the last quarter. 72.31% 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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