Today, Philip Morris International Inc. (PM) Lowered by Vetr Inc. to “Buy”

Today, Philip Morris International Inc. (PM) Lowered by Vetr Inc. to “Buy”
Philip Morris International Inc. (NYSE:PM) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $100.12 target price on the stock. Vetr‘s price target would suggest a potential upside of 12.63% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on PM. Citigroup Inc. reissued a “neutral” rating and issued a $106.00 price target on shares of Philip Morris International in a research note on Friday, October 21st. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $106.00 to $114.00 in a research note on Monday, September 12th. Finally, Jefferies Group reissued a “hold” rating and issued a $101.00 price target (up previously from $99.00) on shares of Philip Morris International in a research note on Saturday, October 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $104.82.

Philip Morris International (NYSE:PM) traded up 0.35% during midday trading on Monday, reaching $89.20. 2,262,596 shares of the company were exchanged. Philip Morris International has a 52 week low of $84.46 and a 52 week high of $104.20. The firm’s 50 day moving average price is $94.10 and its 200-day moving average price is $98.54. The stock has a market capitalization of $138.38 billion, a P/E ratio of 21.34 and a beta of 0.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The firm had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts forecast that Philip Morris International will post $4.53 EPS for the current fiscal year.

In other Philip Morris International news, Director Jun Makihara purchased 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were bought at an average cost of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock worth $101,000 after buying an additional 700 shares in the last quarter. Glassman Wealth Services increased its position in shares of Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock worth $102,000 after buying an additional 4 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares in the last quarter. Balentine LLC increased its position in shares of Philip Morris International by 98.1% in the third quarter. Balentine LLC now owns 1,133 shares of the company’s stock worth $110,000 after buying an additional 561 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its position in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Company Profile

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

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