Analyst Rating Update on Philip Morris International Inc (PM)

Philip Morris International Inc (PM) : The consensus on Philip Morris International Inc (PM) based on 11 analyst recommendation on the company stock is 1.32, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Philip Morris International Inc (PM) : Currently there are 6 street experts covering Philip Morris International Inc (PM) stock. The most bullish and bearish price target for the stock is $115 and $98 respectively for the short term. The average price target of all the analysts comes to $109.17. The estimated standard deviation from the target is $5.81.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, SBG Securities upgrades its outlook on Philip Morris International Inc (NYSE:PM). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on July 20, 2016.


Philip Morris International Inc (NYSE:PM): The stock opened at $99.62 on Wednesday but the bulls could not build on the opening and the stock topped out at $99.92 for the day. The stock traded down to $98.64 during the day, due to lack of any buying support eventually closed down at $99.03 with a loss of -0.94% for the day. The stock had closed at $99.97 on the previous day. The total traded volume was 3,727,055 shares.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Companys products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.