Philip Morris International (NYSE:PM) Price Target Raised to $125.00 at JPMorgan Chase & Co.

Philip Morris International (NYSE:PM) had its price target increased by analysts at JPMorgan Chase & Co. from $110.00 to $125.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 10.77% from the company’s current price.

A number of other equities research analysts also recently commented on PM. Bank of America upped their price objective on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Philip Morris International Stock Performance

Philip Morris International stock traded up $1.41 on Thursday, reaching $112.85. The company’s stock had a trading volume of 1,087,333 shares, compared to its average volume of 5,338,831. The company has a market cap of $175.43 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.58. The business’s fifty day moving average price is $102.74 and its 200 day moving average price is $96.28. Philip Morris International has a twelve month low of $87.23 and a twelve month high of $113.68.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 111.24% and a net margin of 8.58%. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International will post 6.37 earnings per share for the current year.

Institutional Trading of Philip Morris International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC increased its holdings in Philip Morris International by 1.5% during the 2nd quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock worth $637,000 after purchasing an additional 92 shares in the last quarter. Bar Harbor Wealth Management boosted its stake in Philip Morris International by 2.6% during the second quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock valued at $397,000 after buying an additional 100 shares during the period. KCM Investment Advisors LLC boosted its stake in Philip Morris International by 2.8% during the first quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after buying an additional 104 shares during the period. Smallwood Wealth Investment Management LLC boosted its stake in Philip Morris International by 0.6% during the first quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock valued at $1,603,000 after buying an additional 108 shares during the period. Finally, 1ST Source Bank boosted its stake in Philip Morris International by 4.1% during the first quarter. 1ST Source Bank now owns 2,742 shares of the company’s stock valued at $251,000 after buying an additional 108 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Company Profile

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 primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.