Philip Morris International (PM) Price Target Cut to $113.00
Philip Morris International (NYSE:PM) had its price target reduced by Bank of America from $115.00 to $113.00 in a research note published on Friday. They currently have a neutral rating on the stock.
Several other research firms also recently issued reports on PM. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a buy rating in a report on Thursday, November 16th. Jefferies Group lowered their price target on Philip Morris International from $120.00 to $116.00 and set a hold rating for the company in a report on Thursday, October 12th. Societe Generale upgraded Philip Morris International from a hold rating to a buy rating in a report on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a sell rating to a hold rating in a report on Monday, October 30th. Finally, Morgan Stanley boosted their price target on Philip Morris International from $120.00 to $123.00 and gave the company an overweight rating in a report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $123.79.
Shares of Philip Morris International (PM) opened at $99.94 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06. Philip Morris International has a twelve month low of $96.66 and a twelve month high of $123.55. The stock has a market capitalization of $155,227.09, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85.
A number of institutional investors and hedge funds have recently modified their holdings of PM. Guidant Wealth Advisors boosted its position in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the period. NewSquare Capital LLC boosted its position in Philip Morris International by 6,572.3% during the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the period. Front Row Advisors LLC acquired a new position in Philip Morris International during the 4th quarter worth $118,000. Vantage Investment Advisors LLC boosted its position in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Philip Morris International during the 4th quarter worth $128,000. Hedge funds and other institutional investors own 72.31% 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.
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