Short Term Price Target on Philip Morris International Inc (PM)

Philip Morris International Inc (NYSE:PM) stock is expected to deviate a maximum of $4.47 from the average target price of $107.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $98.

Philip Morris International, Inc. has dropped 0.18% in the last five trading days, however, the shares have posted positive gains of 3.37% in the last 4 weeks. Philip Morris International, Inc. is up 3.01% in the last 3-month period. Year-to-Date the stock performance stands at 18.11%. Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on Philip Morris International Inc (NYSE:PM). The rating major has initiated the coverage with overweight rating on the shares. 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) : 11 analysts are covering Philip Morris International Inc (NYSE:PM) and their average rating on the stock is 1.32, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Philip Morris International Inc (NYSE:PM) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Philip Morris International Inc (NYSE:PM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.09 and $98.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.72, notching a gain of 3.14% for the day. The total traded volume was 7,545,515 . The stock had closed at $98.62 on the previous day.

In an insider trading activity, Firestone Marc S, officer (Sr. VP & General Counsel) of Philip Morris International Inc., unloaded 18,000 shares at an average price of $97.06 on April 26, 2016. The total amount of the transaction was worth $1,747,080, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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