Philip Morris International (NYSE:PM) Receives Buy Rating from UBS Group

UBS Group reaffirmed their buy rating on shares of Philip Morris International (NYSE:PM) in a research note released on Tuesday, Stock Target Advisor reports. The brokerage currently has a $101.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on PM. Wells Fargo & Co decreased their price objective on shares of Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a report on Friday, October 18th. ValuEngine upgraded shares of Philip Morris International from a strong sell rating to a sell rating in a report on Saturday, January 18th. Cfra upped their price objective on shares of Philip Morris International from $90.00 to $100.00 and gave the stock a buy rating in a report on Thursday, February 6th. Citigroup cut shares of Philip Morris International from a buy rating to a neutral rating and set a $90.00 price objective for the company. in a report on Monday, December 2nd. Finally, Morgan Stanley upped their price objective on shares of Philip Morris International from $92.00 to $99.00 and gave the stock an overweight rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Philip Morris International currently has an average rating of Buy and a consensus price target of $97.00.

NYSE PM opened at $88.50 on Tuesday. The company has a market capitalization of $137.70 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.02. Philip Morris International has a 1-year low of $69.27 and a 1-year high of $92.74. The firm’s fifty day simple moving average is $86.43 and its 200-day simple moving average is $81.91.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.01. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Philip Morris International had a net margin of 9.21% and a negative return on equity of 84.30%. Philip Morris International’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Analysts anticipate that Philip Morris International will post 5.6 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in PM. BlackRock Inc. boosted its holdings in Philip Morris International by 5.1% during the second quarter. BlackRock Inc. now owns 100,831,956 shares of the company’s stock valued at $7,918,335,000 after acquiring an additional 4,879,296 shares during the period. State Street Corp raised its position in Philip Morris International by 2.5% in the third quarter. State Street Corp now owns 61,352,264 shares of the company’s stock worth $4,729,968,000 after purchasing an additional 1,511,680 shares in the last quarter. Bank of New York Mellon Corp raised its position in Philip Morris International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 18,353,833 shares of the company’s stock worth $1,561,728,000 after purchasing an additional 1,100,777 shares in the last quarter. FMR LLC raised its position in Philip Morris International by 8.4% in the fourth quarter. FMR LLC now owns 13,177,733 shares of the company’s stock worth $1,121,292,000 after purchasing an additional 1,019,174 shares in the last quarter. Finally, Boston Partners raised its position in Philip Morris International by 277.6% in the third quarter. Boston Partners now owns 1,099,252 shares of the company’s stock worth $83,505,000 after purchasing an additional 808,149 shares in the last quarter. Institutional investors own 73.01% of the company’s stock.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

Read More: Correction

Analyst Recommendations for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.