UBS Group Reiterates $181.00 Price Target for Philip Morris International (NYSE:PM)

Philip Morris International (NYSE:PM - Get Free Report) has been given a $181.00 target price by analysts at UBS Group in a report released on Monday, Marketbeat.com reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price points to a potential downside of 1.30% from the company's current price.

Several other brokerages have also recently weighed in on PM. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus increased their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Bank of America increased their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Citigroup increased their target price on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus price target of $186.73.

Philip Morris International Price Performance

PM stock traded up $2.46 during midday trading on Monday, hitting $183.38. The stock had a trading volume of 5,382,124 shares, compared to its average volume of 5,645,033. The firm has a market cap of $285.43 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 2.61 and a beta of 0.51. The business has a 50-day moving average of $178.33 and a two-hundred day moving average of $157.57. Philip Morris International has a 52-week low of $104.84 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share. Research analysts predict that Philip Morris International will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PM. Abound Wealth Management lifted its holdings in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC increased its position in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after buying an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Philip Morris International in the first quarter worth about $34,000. Finally, Pacifica Partners Inc. increased its position in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

About Philip Morris International

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.