Price Target Update on Philip Morris International Inc (NYSE:PM)

Philip Morris International Inc (NYSE:PM) : 7 investment research analysts covering Philip Morris International Inc (NYSE:PM) have an average price target of $107.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $110 and the lowest target is $98 for the short term. Analysts expect the variance to be within $4.47 of the average price.

Other Equity analysts have also commented on the company shares. JP Morgan upgrades their rating on the shares of Philip Morris International Inc (NYSE:PM). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 17, 2016.

Philip Morris International Inc (NYSE:PM): stock turned positive on Thursday. Though the stock opened at $101.67, the bulls momentum made the stock top out at $101.91 level for the day. The stock recorded a low of $101.02 and closed the trading day at $101.9, in the green by 0.86%. The total traded volume for the day was 2,722,828. The stock had closed at $101.03 in the previous days trading.

The company shares have rallied 24.27% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $102.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $100.15 and the 200 Day Moving Average price is recorded at $94.65. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Firestone Marc S, officer (Sr. VP & General Counsel) of Philip Morris International Inc., had unloaded 18,000 shares at an average price of $97.06 in a transaction dated on April 26, 2016. The total value of the transaction was worth $1,747,080.

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.

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