Philip Morris International (NYSE:PM) Rating Lowered to Hold at StockNews.com

Philip Morris International (NYSE:PMGet Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their price target on shares of Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $110.00 in a report on Monday, March 7th. The Goldman Sachs Group cut Philip Morris International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $116.00 to $100.00 in a research report on Tuesday, March 22nd. Bank of America upped their target price on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. Finally, Barclays reduced their price objective on Philip Morris International from $125.00 to $120.00 in a research report on Friday, February 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $111.75.

PM stock opened at $97.95 on Friday. Philip Morris International has a 1-year low of $85.64 and a 1-year high of $112.48. The firm has a fifty day moving average price of $102.67 and a two-hundred day moving average price of $99.64. The firm has a market cap of $151.83 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 3.46 and a beta of 0.66.

Philip Morris International (NYSE:PMGet Rating) last released its quarterly earnings results on Thursday, April 21st. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.48 by $0.08. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.43 billion. Philip Morris International had a net margin of 10.97% and a negative return on equity of 110.49%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. As a group, equities research analysts predict that Philip Morris International will post 5.53 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Tcwp LLC bought a new stake in shares of Philip Morris International during the 1st quarter worth approximately $26,000. Bivin & Associates Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth approximately $27,000. Sandy Cove Advisors LLC bought a new stake in shares of Philip Morris International during the 1st quarter worth approximately $28,000. American National Bank raised its stake in Philip Morris International by 89.1% in the 1st quarter. American National Bank now owns 312 shares of the company’s stock valued at $29,000 after acquiring an additional 147 shares during the period. Finally, Covestor Ltd bought a new stake in Philip Morris International in the 4th quarter valued at $32,000. 74.78% of the stock is owned by hedge funds and other institutional investors.

About Philip Morris International (Get Rating)

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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