Philip Morris International (NYSE:PM) Price Target Raised to $160.00 at Stifel Nicolaus

Philip Morris International (NYSE:PM) had its price target increased by investment analysts at Stifel Nicolaus from $145.00 to $160.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 10.29% from the stock’s current price.

Several other brokerages have also commented on PM. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays lowered their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Trading Down 0.2 %

NYSE PM traded down $0.25 during trading hours on Friday, hitting $145.07. 1,957,499 shares of the company’s stock traded hands, compared to its average volume of 5,309,600. The business’s fifty day moving average price is $125.44 and its two-hundred day moving average price is $123.61. The firm has a market capitalization of $225.56 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.30 and a beta of 0.55. Philip Morris International has a 52 week low of $87.82 and a 52 week high of $146.78.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts expect that Philip Morris International will post 6.5 EPS for the current fiscal year.

Institutional Trading of Philip Morris International

Several hedge funds have recently added to or reduced their stakes in PM. FMR LLC grew its holdings in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the period. Raymond James Financial Inc. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $522,214,000. Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after buying an additional 2,785,987 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock valued at $235,936,000 after acquiring an additional 1,200,636 shares during the period. 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.