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Zacks Investment Research announced Philip Morris International Inc. (NYSE:PM), boosting its stock price target to $111.00 today

Just yesterday Philip Morris International Inc. (NYSE:PM) traded 0.39% higher at $99.21. Philip Morris International Inc.’s 50-day moving average is $99.74 and its 200-day moving average is $99.57. The last stock price is down -0.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,757,143 shares of PM traded hands, down from an average trading volume of 4,428,520

Previously on 9/13/2016, Vetr Inc. released a statement about Philip Morris International Inc. (NYSE:PM) increased the target price from $0.00 to $110.00. At the time, this indicated a possible upside of 0.09%.

In a report released on 9/20/2016 Zacks Investment Research increased the stock price target of Philip Morris International Inc. (NYSE:PM) to $111.00 reporting a possible upside of 0.12%.

Recent Performance Chart

Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. has 52 week low of $78.03 and a 52 week high of $104.20 with a PE ratio of 23.73 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $99.95 with three analysts rating the company a strong buy, five analysts rating the company a buy, eight analysts rating the company a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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