Philip Morris International (NYSE:PM) Upgraded to “Strong-Buy” at BTIG Research

Philip Morris International (NYSE:PM) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

PM has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. UBS Group boosted their price target on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus decreased their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.00.

Philip Morris International Trading Up 3.5%

Shares of PM opened at $194.67 on Tuesday. Philip Morris International has a 12-month low of $142.11 and a 12-month high of $199.78. The stock has a market cap of $303.41 billion, a P/E ratio of 27.38, a PEG ratio of 2.22 and a beta of 0.38. The company has a 50-day moving average of $182.74 and a two-hundred day moving average of $175.12.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, analysts forecast that Philip Morris International will post 8.37 EPS for the current fiscal year.

Institutional Trading of Philip Morris International

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

More Philip Morris International News

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

• Positive Sentiment: Philip Morris posted Q2 adjusted EPS of $2.20, topping estimates, while revenue of $11.19 billion also exceeded forecasts on strong smoke-free product sales and international growth.
• Positive Sentiment: Zyn and other smoke-free products continued to show strong demand, reinforcing the company’s transition away from traditional cigarettes. Reuters: Philip Morris beats second-quarter sales estimates
• Positive Sentiment: Management signaled confidence in the company’s long-term smoke-free strategy and said it plans to increase investment in the U.S. market. TipRanks: Philip Morris International Signals Confident Smoke-Free Future
• Neutral Sentiment: The company raised spending on Zyn, which could support growth, but also implies higher near-term investment needs. Yahoo Finance: Philip Morris Stock Rises as Earnings Highlight Nicotine Pouch Rebound
• Negative Sentiment: Philip Morris lowered its full-year EPS outlook, which may limit enthusiasm despite the strong quarter. Barrons: Philip Morris Stock Falls After It Cuts Guidance, but There Is One Bright Spot
• Negative Sentiment: Currency headwinds and conflict-related costs in the Middle East pressured the company’s profit forecast. Financial Post: Philip Morris Trims Forecast on Currencies, Iran War Costs

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.