Piper Jaffray Companies set a $100.00 target price on Philip Morris International (NYSE:PM) in a research report released on Friday morning. The brokerage currently has a buy rating on the stock. Piper Jaffray Companies also issued estimates for Philip Morris International’s Q2 2019 earnings at $1.44 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.47 EPS, FY2019 earnings at $5.45 EPS, Q1 2020 earnings at $1.21 EPS, Q2 2020 earnings at $1.57 EPS, Q3 2020 earnings at $1.69 EPS, Q4 2020 earnings at $1.57 EPS and FY2020 earnings at $6.04 EPS.
Other analysts have also issued reports about the company. Sanford C. Bernstein assumed coverage on Philip Morris International in a research note on Tuesday, October 16th. They issued an outperform rating and a $97.00 price objective on the stock. ValuEngine raised Philip Morris International from a sell rating to a hold rating in a research note on Thursday, October 18th. Citigroup raised their price objective on Philip Morris International from $95.00 to $100.00 and gave the company a buy rating in a research note on Friday, October 19th. Societe Generale set a $95.00 price objective on Philip Morris International and gave the company a hold rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research raised Philip Morris International from a sell rating to a hold rating in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $91.25.
PM opened at $79.98 on Friday. The firm has a market cap of $124.34 billion, a PE ratio of 15.68, a P/E/G ratio of 1.70 and a beta of 0.91. Philip Morris International has a 52-week low of $64.67 and a 52-week high of $109.90.
In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of the stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $86.98, for a total value of $5,174,875.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of PM. Strategic Investment Advisors MI bought a new position in shares of Philip Morris International during the fourth quarter worth about $448,000. Foyston Gordon & Payne Inc raised its position in shares of Philip Morris International by 5.8% during the fourth quarter. Foyston Gordon & Payne Inc now owns 223,221 shares of the company’s stock worth $14,902,000 after acquiring an additional 12,171 shares during the last quarter. Highstreet Asset Management Inc. raised its position in shares of Philip Morris International by 4.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 25,377 shares of the company’s stock worth $1,694,000 after acquiring an additional 1,176 shares during the last quarter. Ffcm LLC grew its stake in Philip Morris International by 7.3% during the fourth quarter. Ffcm LLC now owns 120,286 shares of the company’s stock worth $8,030,000 after purchasing an additional 8,148 shares during the period. Finally, AGF Investments America Inc. grew its stake in Philip Morris International by 2.0% during the fourth quarter. AGF Investments America Inc. now owns 49,110 shares of the company’s stock worth $3,279,000 after purchasing an additional 985 shares during the period. Hedge funds and other institutional investors own 73.17% of the company’s stock.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
See Also: Diversification in Your Portfolio
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.