Home / Others / Brokerages set the target price of Philip Morris International Inc. (PM) at $ 105.47

Brokerages set the target price of Philip Morris International Inc. (PM) at $ 105.47



Philip Morris International Inc. (NYSE: PM) earned an average "Buy" rating from the seventeen analysts covering the shares. One research analyst has rated the action with a recommendation to sell, six have granted a retention recommendation and ten have assigned a recommendation to purchase from the company. The average 1-year target price among brokers who have covered the shares in the last year is $ 105.47.

Several research analysts recently commented on PM actions. Vetr cut Philip Morris International from a "strong buy" rating to a "buy" rating and set a target price of $ 101.10 for the company. in a research report on Wednesday, January 18. Goldman Sachs Group Inc reissued a "buy" rating and set a target price of $ 102.00 (below $ 109.00) in shares of Philip Morris International in a research report on Tuesday, January 10. Citigroup Inc. reissued a "buy" rating on shares of Philip Morris International in a research report on Wednesday, February 8. Zacks Investment Research elevated Philip Morris International from a "sell" rating to a "retention" rating in a research report on Wednesday, January 18. Finally, Jefferies Group LLC reissued a "suspension" rating and set a target price of $ 104.00 on shares of Philip Morris International in a research report on Friday, February 17.

In other news from Philip Morris International, CEO Andre Calantzopoulos sold 35,000 shares of the company's stock in a transaction that took place on Wednesday, February 15. The stock was sold at an average price of $ 102.65, for a total value of $ 3,592,750.00. After the sale, the executive director now holds 787,671 shares in the company, valued at $ 80,854,428.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the shares belong to internal people of the company.

Institutional investors have recently made changes in their positions in the company. Vanguard Group Inc. increased its position in Philip Morris International shares by 2.6% in the second quarter. Vanguard Group Inc. now owns 99,323,022 shares of the company worth $ 10,103,138,000 after buying 2,501,571 additional shares during the period. State Street Corp raised its position in Philip Morris International shares by 1.6% in the fourth quarter. State Street Corp now owns 57,868,463 shares of the company's stock worth $ 5,385,970,000 after buying an additional 900,309 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Philip Morris International by 1.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,137,185 shares of the company worth $ 4,203,519,000 after buying 448,142 additional shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Philip Morris International by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now it owns 39,355,323 shares of the company worth $ 3,826,125,000 after buying 163,627 additional shares during the period. Finally, BlackRock Fund Advisors raised its position in Philip Morris International shares by 3.4% in the third quarter. BlackRock Fund Advisors now owns 26,462,261 shares of the company's stock worth $ 2,572,661,000 after buying 871,161 additional shares during the period. Institutional investors own 71.65% of the company's shares.

Shares of Philip Morris International (NYSE: PM) opened at 110.21 on Wednesday. The 50-day moving average price of the stock is $ 100.84 and its 200-day moving average price is $ 96.31. Philip Morris International has a minimum of one year of $ 86.78 and a maximum of one year of $ 110.30. The company has a market capitalization of $ 170.98 billion, a price-earnings ratio of 24.60 and a beta of 0.94.

Philip Morris International (NYSE: PM) last published its quarterly earnings results on Thursday, February 2. The company reported $ 1.10 EPS for the quarter, missing the consensus estimate of $ 1.12 for $ 0.02. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The company had revenues of $ 7 billion in the quarter, compared to analysts' estimates of $ 6.68 billion. During the same period last year, the company recorded earnings of $ 0.81 per share. Business revenues for the quarter increased by 9.1% year-on-year. On average, equity analysts anticipate that Philip Morris International will post $ 4.83 in earnings per share for the current fiscal year.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other products containing nicotine in markets outside the United States. The company's products are sold in more than 180 markets. Its segments include the European Union; Eastern Europe, the Middle East and Africa; Asia, and Latin America and Canada.


Source link