Philip Morris International Inc (PM) has an average broker rating of 1.35, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Philip Morris International Inc (PM) stock is expected to deviate a maximum of $2.95 from the average target price of $110.5 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $115 and the most muted being $106.
Also, Equity Analysts at the SBG Securities upgrades the rating on Philip Morris International Inc (NYSE:PM). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on July 20, 2016.
Philip Morris International Inc (NYSE:PM): After opening at $98.37, the stock dipped to an intraday low of $98.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $100 and the buying power remained strong till the end. The stock closed at $99.75 for the day, a gain of 1.15% for the day session. The total traded volume was 3,924,170. The stocks close on the previous trading day was $98.62.
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.