Philip Morris International (NYSE:PM) Price Target Raised to $225.00 at Citigroup

Philip Morris International (NYSE:PM) had its price objective hoisted by equities research analysts at Citigroup from $210.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 16.64% from the company’s current price.

PM has been the subject of a number of other research reports. Needham & Company LLC raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. UBS Group increased their price target on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.

Philip Morris International Stock Down 2.8%

Shares of PM stock traded down $5.54 on Thursday, hitting $192.90. The stock had a trading volume of 4,567,278 shares, compared to its average volume of 5,152,646. Philip Morris International has a one year low of $142.11 and a one year high of $207.76. The business has a 50 day moving average price of $183.26 and a 200 day moving average price of $176.46. The company has a market cap of $300.66 billion, a PE ratio of 27.73, a P/E/G ratio of 2.42 and a beta of 0.38.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. Equities research analysts expect that Philip Morris International will post 8.33 EPS for the current year.

Institutional Investors Weigh In On Philip Morris International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth about $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $26,000. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. lifted its position in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Philip Morris International in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.