Jefferies & Co disclosed Philip Morris International Inc. (NYSE:PM), hiking its price target to $96.00 earlier today
- Updated: September 21, 2016
Yesterday Philip Morris International Inc. (NYSE:PM) traded 0.39% higher at $99.27. The company’s 50-day moving average is $99.74 and its 200-day moving average is $99.57. The last closing price is down -0.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,757,143 shares of the stock traded hands, down from an average trading volume of 4,428,520
Stating as potential downside of -0.03%, Jefferies & Co raised the target price of Philip Morris International Inc. (NYSE:PM) to $96.00
Previously on 9/20/2016, Zacks Investment Research reported on Philip Morris International Inc. (NYSE:PM) increased the target price from $0.00 to $111.00. At the time, this indicated a possible upside of 0.12%.
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Philip Morris International Inc. has a 52 week low of $78.03 and a 52 week high of $104.20 with a P/E ratio of 23.73 PM’s total market value is presently $0.
A total of 15 analysts have released a report on Philip Morris International Inc.. Three analysts rating the company a strong buy, five brokerages rating the company a buy, eight brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $99.95.
Brief Synopsis About Philip Morris International Inc. (NYSE:PM)
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 Company's products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company's premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
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