Philip Morris International Inc (NYSE:PM) was upgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “conviction-buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a $135.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 21.61% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. BidaskClub lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price target (down previously from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Vetr raised shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target on the stock in a research note on Monday, June 26th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Philip Morris International has an average rating of “Buy” and a consensus price target of $123.92.

Philip Morris International (NYSE PM) opened at 110.71 on Thursday. The firm’s 50-day moving average is $116.11 and its 200 day moving average is $115.73. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market cap of $171.95 billion, a price-to-earnings ratio of 24.53 and a beta of 0.93.

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

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In other news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in PM. Retirement Systems of Alabama grew its position in Philip Morris International by 0.7% in the first quarter. Retirement Systems of Alabama now owns 1,083,435 shares of the company’s stock valued at $122,320,000 after acquiring an additional 8,020 shares in the last quarter. Navellier & Associates Inc raised its stake in shares of Philip Morris International by 5.5% during the first quarter. Navellier & Associates Inc now owns 4,094 shares of the company’s stock valued at $462,000 after purchasing an additional 212 shares during the period. V Wealth Management LLC raised its stake in shares of Philip Morris International by 70.6% during the first quarter. V Wealth Management LLC now owns 4,109 shares of the company’s stock valued at $464,000 after purchasing an additional 1,700 shares during the period. Nationwide Fund Advisors raised its stake in shares of Philip Morris International by 0.8% during the first quarter. Nationwide Fund Advisors now owns 639,311 shares of the company’s stock valued at $72,178,000 after purchasing an additional 5,318 shares during the period. Finally, Hollencrest Securities LLC raised its stake in shares of Philip Morris International by 0.8% during the first quarter. Hollencrest Securities LLC now owns 96,585 shares of the company’s stock valued at $10,904,000 after purchasing an additional 805 shares during the period. Institutional investors and hedge funds own 72.01% of the company’s stock.

Philip Morris International Company Profile

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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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