Philip Morris International (NYSE:PM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Philip Morris International (NYSE:PM) had its price target hoisted by analysts at Stifel Nicolaus from $205.00 to $232.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would indicate a potential upside of 11.36% from the company’s current price.

Several other research firms also recently commented on PM. Citigroup lifted their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays increased their target price on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, UBS Group lifted their target price on Philip Morris International from $193.00 to $201.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $212.40.

Philip Morris International Trading Down 0.2%

PM opened at $208.34 on Tuesday. The stock has a 50-day moving average of $194.61 and a 200 day moving average of $182.14. The firm has a market cap of $324.72 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.72 and a beta of 0.34. Philip Morris International has a 12 month low of $142.11 and a 12 month high of $214.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. Philip Morris International’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $2.24 EPS. On average, research analysts forecast that Philip Morris International will post 8.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently added to or reduced their stakes in PM. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Philip Morris International during the second quarter worth approximately $29,000. Cedar Mountain Advisors LLC grew its stake in shares of Philip Morris International by 60.2% in the first quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the second quarter valued at approximately $34,000. Kilter Group LLC acquired a new stake in Philip Morris International in the 2nd quarter valued at about $35,000. Finally, Wilkerson Advisory Group LLC increased its position in shares of Philip Morris International by 109.2% in the first quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.