Philip Morris International Inc (PM) : 10 analysts are covering Philip Morris International Inc (PM) and their average rating on the stock is 1.35, which is read as a Strong Buy. 7 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) : 6 Wall Street analysts covering Philip Morris International Inc (PM) believe that the average level the stock could reach for the short term is $110.5. The maximum price target given is $115 and the minimum target for short term is around $106, hence the standard deviation is calculated at $2.95.
For the current week, the company shares have a recommendation consensus of Buy. Also, SBG Securities upgrades its view on Philip Morris International Inc (NYSE:PM) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. The rating by the firm was issued on July 20, 2016.
Philip Morris International Inc (NYSE:PM): stock was range-bound between the intraday low of $101.545 and the intraday high of $102.25 after having opened at $102 on Wednesdays session. The stock finally closed in the red at $102, a loss of -0.26%. The stock remained in the red for the whole trading day. The total traded volume was 2,959,046 shares. The stock failed to cross $102.25 in Wednesdays trading. The stocks closing price on Thursday was $102.36.
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.