Wall Street Zen Upgrades Philip Morris International (NYSE:PM) to "Buy"

Philip Morris International (NYSE:PM - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other analysts have also issued reports on PM. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Barclays reiterated an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Bank of America boosted their price target on shares of 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, Morgan Stanley reiterated an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Trading Down 0.0%

Shares of PM opened at $182.57 on Friday. The firm has a market cap of $284.18 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International has a 12-month low of $98.93 and a 12-month high of $186.69. The company's 50-day moving average price is $173.82 and its 200 day moving average price is $150.99.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. Equities research analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Hedge Funds Weigh In On Philip Morris International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings 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 acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares during the period. Compass Capital Corp MA ADV acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $293,000. Drum Hill Capital LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $282,000. Finally, Navellier & Associates Inc. boosted its holdings in shares of Philip Morris International by 63.7% in the fourth quarter. Navellier & Associates Inc. now owns 5,335 shares of the company's stock valued at $642,000 after acquiring an additional 2,075 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

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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