Needham & Company LLC Forecasts Strong Price Appreciation for Philip Morris International (NYSE:PM) Stock

Philip Morris International (NYSE:PM) had its price objective increased by research analysts at Needham & Company LLC from $200.00 to $215.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 10.44% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Philip Morris International in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group increased their target price on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, Stifel Nicolaus dropped their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.67.

Philip Morris International Stock Performance

PM stock opened at $194.67 on Thursday. Philip Morris International has a one year low of $142.11 and a one year high of $199.78. The firm’s fifty day moving average is $182.74 and its 200 day moving average is $175.12. The firm has a market cap of $303.41 billion, a PE ratio of 27.38, a P/E/G ratio of 2.22 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Research analysts predict that Philip Morris International will post 8.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Philip Morris International

A number of hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Philip Morris International by 22.2% in the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock valued at $101,146,000 after purchasing an additional 114,618 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Philip Morris International by 40.3% during the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after purchasing an additional 19,309 shares during the period. World Investment Advisors lifted its holdings in shares of Philip Morris International by 42.5% during the fourth quarter. World Investment Advisors now owns 115,267 shares of the company’s stock worth $18,489,000 after purchasing an additional 34,392 shares during the period. New York Life Investment Management LLC grew its position in Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after buying an additional 7,600 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Trending Headlines about Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris beat Q2 estimates, reporting adjusted EPS of $2.20 versus consensus near $2.05 and revenue of $11.19 billion versus expectations of $10.60 billion, driven by strong international sales and resilient cigarette demand. Article Title
• Positive Sentiment: Smoke-free products, especially Zyn nicotine pouches, showed strong momentum after recent regulatory approval, supporting the company’s growth story and confidence in its long-term transition away from traditional tobacco. Article Title
• Positive Sentiment: BTIG Research upgraded Philip Morris International to “strong-buy,” adding to the bullish sentiment following the earnings release and helping support the stock near its highs. Article Title
• Neutral Sentiment: Management raised investment plans for Zyn and highlighted a “confident smoke-free future,” which is constructive for the long term but also signals ongoing spending to defend growth. Article Title
• Negative Sentiment: The company cut full-year EPS guidance, citing currency headwinds and conflict-related costs in the Middle East, which tempered the upside from the strong quarterly beat. Article Title

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.