Philip Morris International Inc (PM) Receives Price Target

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 $106 respectively for the short term. The average price target of all the analysts comes to $110.5. The estimated standard deviation from the target is $2.95.

Philip Morris International Inc (PM) : The consensus on Philip Morris International Inc (PM) based on 10 analyst recommendation on the company stock is 1.35, 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, 7 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.


Also, SBG Securities upgrades its rating on Philip Morris International Inc (NYSE:PM). Analysts at the SBG Securities have a current rating of Hold 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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.80 and $99.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $100.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.62, notching a gain of 0.69% for the day. The total traded volume was 3,314,443 . The stock had closed at $99.93 on the previous day.

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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