Philip Morris International (NYSE:PM)‘s stock had its “hold” rating restated by TheStreet in a research note issued on Friday, StockRatingsNetwork reports.
The analysts wrote, “Philip Morris International (PM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company’s strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.”
In other Philip Morris International news, Director Sergio Marchionne purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $86.29 per share, with a total value of $86,290.00. Following the completion of the transaction, the director now directly owns 52,687 shares of the company’s stock, valued at approximately $4,546,361. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Philip Morris International (NYSE:PM) opened at 85.51 on Friday. Philip Morris International has a 1-year low of $82.44 and a 1-year high of $96.73. The stock has a 50-day moving average of $88.45 and a 200-day moving average of $88.36. The company has a market cap of $137.0 billion and a price-to-earnings ratio of 16.23.
Philip Morris International (NYSE:PM) last released its earnings data on Thursday, October 17th. The company reported $1.44 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.44. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Philip Morris International will post $5.41 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of Philip Morris International from $95.00 to $93.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated a “buy” rating on shares of Philip Morris International in a research note to investors on Thursday, November 21st. They now have a $95.00 price target on the stock, down previously from $98.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Philip Morris International in a research note to investors on Thursday, November 21st. They now have a $94.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $94.62.
Philip Morris International Inc (NYSE:PM) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.