Equities researchers at Societe Generale began coverage on shares of Philip Morris International (NYSE:PM – Get Rating) in a research report issued to clients and investors on Monday, FinViz reports. The firm set a “sell” rating and a $90.00 price target on the stock. Societe Generale’s price objective indicates a potential downside of 11.15% from the company’s current price.
Several other research firms have also weighed in on PM. Morgan Stanley boosted their price target on Philip Morris International from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Argus raised Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, November 15th. Stifel Nicolaus lowered their price target on Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. The Goldman Sachs Group raised Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $120.00 in a research report on Wednesday. Finally, Citigroup reaffirmed a “neutral” rating and set a $109.00 price target on shares of Philip Morris International in a research report on Tuesday, December 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $109.42.
Philip Morris International Stock Performance
Shares of Philip Morris International stock opened at $101.30 on Monday. The firm has a market cap of $157.04 billion, a PE ratio of 18.06, a P/E/G ratio of 3.44 and a beta of 0.68. Philip Morris International has a 52-week low of $82.85 and a 52-week high of $112.48. The business’s 50 day simple moving average is $100.69 and its 200 day simple moving average is $95.68.
Institutional Inflows and Outflows
About Philip Morris International
Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products, which are sold in markets outside the U.S.
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