Philip Morris International (NYSE:PM) was upgraded by Jefferies Group from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The firm presently has a $124.00 target price on the stock. Jefferies Group’s target price indicates a potential upside of 13.85% from the stock’s current price.

A number of other equities research analysts also recently issued reports on PM. Citigroup lowered their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Piper Jaffray Companies restated an “overweight” rating and issued a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Cowen restated a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Goldman Sachs Group began coverage on shares of Philip Morris International in a report on Monday, October 2nd. They issued a “buy” rating for the company. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $125.31.

Shares of Philip Morris International (NYSE:PM) opened at $108.92 on Friday. Philip Morris International has a twelve month low of $94.07 and a twelve month high of $123.55. The stock has a market cap of $169,170.00, a P/E ratio of 24.04, a P/E/G ratio of 1.97 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts anticipate that Philip Morris International will post 4.75 EPS for the current year.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PM. Guidant Wealth Advisors lifted its position in shares of Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after purchasing an additional 100,228 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares in the last quarter. Acropolis Investment Management LLC lifted its position in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its position in shares of Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.

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About Philip Morris International

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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