Philip Morris International’s (NYSE:PM) “Neutral” Rating Reiterated at Citigroup Inc.

Citigroup Inc. restated their neutral rating on shares of Philip Morris International Inc (NYSE:PM) in a research report sent to investors on Monday, July 24th. They currently have a $125.00 target price on the stock, down from their previous target price of $128.00.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Philip Morris International from a buy rating to a hold rating in a report on Monday, July 24th. TheStreet upgraded shares of Philip Morris International from a c+ rating to a b- rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Bank of America Corporation boosted their price objective on shares of Philip Morris International from $123.00 to $124.00 and gave the stock a neutral rating in a report on Monday, July 10th. Finally, BidaskClub lowered shares of Philip Morris International from a strong-buy rating to a buy rating in a report on Tuesday, June 27th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $121.79.

Philip Morris International (NYSE PM) opened at 115.33 on Monday. The stock has a market cap of $179.13 billion, a PE ratio of 25.56 and a beta of 0.93. The stock has a 50 day moving average price of $117.20 and a 200-day moving average price of $113.64. Philip Morris International has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Philip Morris International will post $4.83 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in PM. Vanguard Group Inc. raised its stake in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the period. BlackRock Inc. raised its stake in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the period. State Street Corp boosted its position in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the period. FMR LLC boosted its position in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the period. Finally, Franklin Resources Inc. boosted its position in Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares during the period. Hedge funds and other institutional investors own 72.30% of the company’s stock.

Philip Morris International Company Profile

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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