Philip Morris International (PM) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Philip Morris International (NYSE: PM):

  • 8/5/2017 – Philip Morris International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Philip Morris International had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $134.00 price target on the stock.
  • 7/27/2017 – Philip Morris International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Philip Morris International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “After a dismal first quarter, Philip Morris again posted weaker-than-expected second-quarter 2017 results, wherein both earnings and revenues lagged the Zacks Consensus Estimate. While earnings per share of $1.14 dipped 0.9% from the year-ago quarter due to lower cigarette volumes, net revenue was up 4.0% year-over-year driven by higher iQOS device sales, as well as favorable pricing and volume/mix. It is encouraging that the company is churning its portfolio and taking steps to develop smoke-free products as customers are shifting away from tobacco products. In fact, Philip Morris remains focused on the growing e-cigarettes and less harmful alternative products such as heatsticks and iQOS products. Shares of the company also outperformed the Zacks categorized industry in the past six months. However, strict government regulations from around the world, declining demand for cigarettes and currency headwinds remain major concerns for the company.”
  • 7/24/2017 – Philip Morris International had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $125.00 price target on the stock, down previously from $128.00.
  • 7/22/2017 – Philip Morris International had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $133.00 price target on the stock, down previously from $134.00.
  • 7/20/2017 – Philip Morris International was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 7/11/2017 – Philip Morris International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “Shares of Philip Morris have outperformed the Zacks categorized Tobacco industry on a year-to-date basis, primarily due to its strong portfolio of tobacco brands and pricing power. We note that the company is aggressively investing in creating smoke-free products called reduced risk products, such as heatsticks and iQOS products. Notably, it has a bright potential to make Britain smoke-free via its IQOS. Furthermore, the marketing and technology-sharing agreement between Philip Morris and its peer Altria Group is also boosting the businesses of both the companies and will help them maintain the market share. However, strict government regulations, declining demand for cigarettes and currency headwinds remain major concerns for the company. Nevertheless, estimates for 2017 have increased in the last seven days.”
  • 7/10/2017 – Philip Morris International had its price target raised by analysts at Bank of America Corporation from $123.00 to $124.00. They now have a “neutral” rating on the stock.
  • 6/27/2017 – Philip Morris International was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/26/2017 – Philip Morris International was upgraded by analysts at Vetr from a “strong sell” rating to a “buy” rating. They now have a $128.00 price target on the stock.
  • 6/24/2017 – Philip Morris International was given a new $96.00 price target on by analysts at Berenberg Bank. They now have a “hold” rating on the stock.
  • 6/21/2017 – Philip Morris International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Philip Morris International had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $121.00 price target on the stock.
  • 6/19/2017 – Philip Morris International was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $117.88 price target on the stock.
  • 6/13/2017 – Philip Morris International was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Philip Morris International Inc (PM) traded down 1.03% during mid-day trading on Thursday, hitting $114.22. 3,441,939 shares of the stock were exchanged. The stock’s 50-day moving average is $117.87 and its 200 day moving average is $112.78. The company has a market capitalization of $177.41 billion, a PE ratio of 25.31 and a beta of 0.93. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. On average, analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.64%. Philip Morris International’s payout ratio is currently 92.24%.

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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