Philip Morris International (NYSE:PM) Given New $190.00 Price Target at JPMorgan Chase & Co.

Philip Morris International (NYSE:PM - Get Free Report) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $175.00 to $190.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 5.06% from the company's previous close.

Several other research analysts have also commented on PM. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Barclays lifted their price target on Philip Morris International from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday. They set a "buy" rating and a $220.00 price objective for the company. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $183.91.

Philip Morris International Stock Performance

NYSE:PM traded up $2.87 during trading hours on Thursday, reaching $180.85. The stock had a trading volume of 2,938,145 shares, compared to its average volume of 5,619,955. Philip Morris International has a 12-month low of $101.68 and a 12-month high of $186.69. The stock has a 50 day simple moving average of $177.65 and a 200 day simple moving average of $155.73. The stock has a market cap of $281.49 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. On average, equities analysts expect that Philip Morris International will post 7.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Philip Morris International

A number of large investors have recently bought and sold shares of PM. Brighton Jones LLC raised its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Philip Morris International by 60.4% during the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock worth $465,000 after purchasing an additional 1,455 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Philip Morris International by 22.6% in the fourth quarter. Citizens Financial Group Inc. RI now owns 15,592 shares of the company's stock valued at $1,877,000 after purchasing an additional 2,870 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $257,000. 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.

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