Needham & Company LLC Forecasts Strong Price Appreciation for Philip Morris International (NYSE:PM) Stock

Philip Morris International (NYSE:PM) had its price target hoisted by equities researchers at Needham & Company LLC from $215.00 to $220.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 11.30% from the company’s previous close.

A number of other research firms have also weighed in on PM. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Barclays upped their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup upped their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley raised their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, UBS Group lifted their target price on shares of Philip Morris International from $182.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $207.56.

Philip Morris International Stock Down 1.1%

PM opened at $197.66 on Thursday. Philip Morris International has a 52 week low of $142.11 and a 52 week high of $210.45. The business has a 50 day moving average price of $192.00 and a two-hundred day moving average price of $183.46. The company has a market cap of $308.08 billion, a PE ratio of 24.68, a P/E/G ratio of 2.56 and a beta of 0.34.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%. The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.32 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Philip Morris International will post 8.38 EPS for the current fiscal year.

Institutional Trading of Philip Morris International

A number of institutional investors have recently modified their holdings of PM. Bank of New York Mellon Corp boosted its position in shares of Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after buying an additional 2,755,662 shares during the period. Perennial Investment Advisors LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $505,000. Teamwork Financial Advisors LLC grew its stake in shares of Philip Morris International by 2,662.6% in the second quarter. Teamwork Financial Advisors LLC now owns 65,695 shares of the company’s stock valued at $11,885,000 after buying an additional 63,317 shares in the last quarter. Orographic Financial Advisors LLC purchased a new stake in shares of Philip Morris International during the 1st quarter valued at about $1,205,000. Finally, Addison Capital Co raised its holdings in shares of Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after buying an additional 7,793 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Philip Morris International

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Philip Morris reported adjusted diluted EPS of $2.36, above the $2.30 analyst consensus, while revenue rose 5.5% year over year to $11.44 billion, exceeding estimates of $11.32 billion. Philip Morris beats third-quarter estimates on smoke-free product demand
• Positive Sentiment: Organic net revenue increased 7%, supported by pricing, higher volumes and demand for smoke-free products. IQOS and ZYN helped push smoke-free products above 40% of total revenue, reinforcing the company’s long-term portfolio transition. Philip Morris: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The company plans to transition ZYN cans from 15 to 20 pouches, a packaging change that could improve consumer value and support the nicotine-pouch brand’s growth. Philip Morris Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Combustible cigarette and other tobacco volumes grew 6.4%, faster than the 4.1% growth in smoke-free products, suggesting that near-term results remain dependent on traditional tobacco even as management emphasizes reduced-risk alternatives.
• Negative Sentiment: Reported diluted EPS fell 4.9% to $2.12, reflecting inflationary operating pressure and increased investment. Management also warned that global conflicts, including the Iran war, are disrupting operations and could reduce operating income. Philip Morris Says Global Wars Have Disrupted Its Business and Clouded Earnings Outlook

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.