Philip Morris International (NYSE:PM) Stock Rating Upgraded by Wall Street Zen

Philip Morris International (NYSE:PM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, UBS Group decreased their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

Philip Morris International Price Performance

PM opened at $144.33 on Friday. The stock has a 50-day moving average price of $160.05 and a 200-day moving average price of $168.80. The firm has a market cap of $224.67 billion, a PE ratio of 26.15, a P/E/G ratio of 2.11 and a beta of 0.46. Philip Morris International has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The business had revenue of $8.12 billion during the quarter. As a group, sell-side analysts anticipate that Philip Morris International will post 7.14 EPS for the current year.

Institutional Investors Weigh In On Philip Morris International

A number of large investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC grew its stake in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter valued at approximately $30,000. 78.63% of the stock is currently owned by institutional investors.

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.