Philip Morris International (NYSE:PM) Stock Price Expected to Rise, UBS Group Analyst Says

Philip Morris International (NYSE:PM - Get Free Report) had its price target hoisted by equities researchers at UBS Group from $105.00 to $120.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "sell" rating on the stock. UBS Group's price target points to a potential downside of 18.13% from the company's current price.

A number of other analysts have also commented on PM. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. Finally, Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.35.

Philip Morris International Price Performance

Shares of PM stock traded up $2.17 during trading hours on Friday, reaching $146.58. The company had a trading volume of 5,899,532 shares, compared to its average volume of 5,553,955. Philip Morris International has a 12 month low of $87.82 and a 12 month high of $146.78. The business has a fifty day simple moving average of $125.66 and a 200-day simple moving average of $124.06. The company has a market cap of $227.91 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, equities research analysts expect that Philip Morris International will post 7.11 earnings per share for the current year.

Institutional Investors Weigh In On Philip Morris International

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its position in shares of Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock worth $6,715,237,000 after acquiring an additional 224,840 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Philip Morris International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock worth $3,886,818,000 after acquiring an additional 621,034 shares in the last quarter. FMR LLC raised its position in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Philip Morris International by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after acquiring an additional 2,785,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Philip Morris International by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company's stock worth $1,615,449,000 after acquiring an additional 190,201 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.