Philip Morris International Inc (PM) : 11 analysts are covering Philip Morris International Inc (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 (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 (PM) : Currently there are 7 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 $108.71. The estimated standard deviation from the target is $5.44.
For the current week, the company shares have a recommendation consensus of Buy. Philip Morris International Inc (NYSE:PM): The stock opened at $99.49 on Thursday 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 $98.83 during the day, due to lack of any buying support eventually closed down at $98.86 with a loss of -0.31% for the day. The stock had closed at $99.17 on the previous day. The total traded volume was 2,999,602 shares.
In a related news, 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.