Philip Morris International (NYSE:PM) Stock Price Expected to Rise, UBS Group Analyst Says

Philip Morris International (NYSE:PM) had its price objective hoisted by analysts at UBS Group from $105.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price suggests a potential downside of 17.28% from the stock’s current price.

Several other research analysts also recently issued reports on PM. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays dropped their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Stock Down 0.2 %

Shares of Philip Morris International stock traded down $0.25 on Friday, hitting $145.07. 1,957,499 shares of the company were exchanged, compared to its average volume of 5,309,600. Philip Morris International has a 1-year low of $87.82 and a 1-year high of $146.78. The company has a 50-day moving average price of $125.44 and a 200 day moving average price of $123.61. The stock has a market capitalization of $225.56 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Research analysts forecast that Philip Morris International will post 6.5 EPS for the current year.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC raised its position in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $33,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

About Philip Morris International

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.