Philip Morris International (NYSE:PM) Issues FY19 Earnings Guidance
Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.21. Philip Morris International also updated its FY 2019
Pre-Market guidance to 5.16-5.16 EPS.
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a buy rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Wells Fargo & Co decreased their price objective on shares of Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a research report on Friday, October 18th. Bank of America upgraded Philip Morris International from a neutral rating to a buy rating and set a $96.00 target price for the company in a research note on Tuesday, October 1st. Credit Suisse Group set a $80.00 target price on Philip Morris International and gave the stock a sell rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. set a $86.00 price target on Philip Morris International and gave the stock a neutral rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $92.27.
PM opened at $82.14 on Tuesday. The stock has a market capitalization of $128.52 billion, a PE ratio of 16.11, a P/E/G ratio of 2.02 and a beta of 1.01. The firm’s fifty day moving average price is $82.32 and its 200 day moving average price is $80.19. Philip Morris International has a 12-month low of $64.67 and a 12-month high of $92.74.
Philip Morris International Company Profile
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.
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