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) stock is expected to deviate a maximum of $4.47 from the average target price of $107.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $110 and the most muted being $98.
Philip Morris International Inc (NYSE:PM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $102.30 and $101.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.36, notching a gain of 0.12% for the day. The total traded volume was 4,240,509 . The stock had closed at $102.24 on the previous day.
Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of Philip Morris International Inc (NYSE:PM). JP Morgan has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 17, 2016. The company shares have rallied 25.34% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $103.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $99.95 and the 200 Day Moving Average price is recorded at $95.46.
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.