TheStreet restated their hold rating on shares of Philip Morris International (NYSE:PM) in a report issued on Monday, AR Network reports.
“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.,” the firm’s analyst commented.
Shares of Philip Morris International (NYSE:PM) traded down 0.59% on Monday, hitting $85.78. The stock had a trading volume of 4,527,541 shares. Philip Morris International has a 52-week low of $82.44 and a 52-week high of $96.73. The stock’s 50-day moving average is $88.42 and its 200-day moving average is $88.78. The company has a market cap of $137.4 billion and a price-to-earnings ratio of 16.38.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Philip Morris International from $98.00 to $95.00 in a research note to investors on Thursday, November 21st. They now have an overweight rating on the stock. Separately, 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. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Philip Morris International from a buy rating to a neutral rating in a research note to investors on Thursday, November 21st. They now have a $95.00 price target on the stock, down previously from $103.00. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $94.62.
Philip Morris International Inc (NYSE:PM) is a holding company.
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