Piper Jaffray Companies set a $100.00 price objective on Philip Morris International (NYSE:PM) in a report published on Friday. The firm currently has a buy rating on the stock. Piper Jaffray Companies also issued estimates for Philip Morris International’s Q2 2019 earnings at $1.44 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.47 EPS, FY2019 earnings at $5.45 EPS, Q1 2020 earnings at $1.21 EPS, Q2 2020 earnings at $1.57 EPS, Q3 2020 earnings at $1.69 EPS, Q4 2020 earnings at $1.57 EPS and FY2020 earnings at $6.04 EPS.
PM has been the topic of several other reports. Citigroup boosted their price target on shares of Philip Morris International from $95.00 to $100.00 and gave the stock a buy rating in a report on Friday, October 19th. Morgan Stanley cut their price target on shares of Philip Morris International from $102.00 to $80.00 and set an overweight rating on the stock in a report on Tuesday, January 8th. ValuEngine cut shares of Philip Morris International from a hold rating to a sell rating in a report on Monday, December 31st. Societe Generale set a $95.00 target price on shares of Philip Morris International and gave the company a hold rating in a research note on Monday, October 22nd. Finally, Sanford C. Bernstein began coverage on shares of Philip Morris International in a research note on Tuesday, October 16th. They issued an outperform rating and a $97.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $91.25.
Philip Morris International stock opened at $79.05 on Friday. Philip Morris International has a fifty-two week low of $64.67 and a fifty-two week high of $109.90. The stock has a market cap of $124.34 billion, a P/E ratio of 15.50, a PEG ratio of 1.70 and a beta of 0.91.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.46 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, analysts predict that Philip Morris International will post 5.38 EPS for the current year.
In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total value of $5,174,875.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PM. Essex Investment Management Co. LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $27,000. Transamerica Financial Advisors Inc. raised its position in shares of Philip Morris International by 552.8% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after purchasing an additional 398 shares during the period. Clean Yield Group bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $37,000. Litman Gregory Asset Management LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $40,000. Finally, Vigilant Capital Management LLC increased its holdings in Philip Morris International by 195.6% during the 4th quarter. Vigilant Capital Management LLC now owns 665 shares of the company’s stock worth $44,000 after acquiring an additional 440 shares during the period. 73.17% of the stock is currently owned by institutional investors.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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