Philip Morris International Inc (NYSE:PM) Given Buy Rating at Goldman Sachs Group, Inc. (The)

Philip Morris International Inc (NYSE:PM)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group, Inc. (The) in a report issued on Saturday, July 22nd. They currently have a $133.00 price target on the stock, down from their prior price target of $134.00. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 15.32% from the stock’s current price.

Several other brokerages have also recently issued reports on PM. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research note on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 price objective on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $121.79.

Philip Morris International (NYSE PM) traded down 0.52% during mid-day trading on Friday, hitting $115.33. The company’s stock had a trading volume of 4,178,162 shares. The company’s 50 day moving average is $117.20 and its 200-day moving average is $113.64. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $123.55. The stock has a market cap of $179.13 billion, a P/E ratio of 25.56 and a beta of 0.93.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. On average, equities analysts predict that Philip Morris International will post $4.83 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Moloney Securities Asset Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $1,216,000. Zions Bancorporation raised its stake in shares of Philip Morris International by 1.5% in the fourth quarter. Zions Bancorporation now owns 2,297 shares of the company’s stock valued at $210,000 after buying an additional 35 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Philip Morris International by 32.7% in the fourth quarter. Fiera Capital Corp now owns 4,564 shares of the company’s stock valued at $417,000 after buying an additional 1,124 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Philip Morris International by 2.0% in the fourth quarter. First Republic Investment Management Inc. now owns 349,314 shares of the company’s stock valued at $31,959,000 after buying an additional 6,769 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of 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 in the last quarter. 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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