Philip Morris International (NYSE:PM) Price Target Lowered to $185.00 at JPMorgan Chase & Co.

Philip Morris International (NYSE:PM) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $190.00 to $185.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.92% from the stock’s current price.

A number of other brokerages also recently commented on PM. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. UBS Group decreased their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Down 0.3%

Shares of Philip Morris International stock traded down $0.52 during trading on Wednesday, reaching $156.89. The company’s stock had a trading volume of 1,356,463 shares, compared to its average volume of 6,167,546. Philip Morris International has a 52-week low of $116.12 and a 52-week high of $186.69. The firm’s 50-day moving average is $156.09 and its two-hundred day moving average is $167.00. The company has a market cap of $244.22 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.78 and a beta of 0.43.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, equities research analysts anticipate that Philip Morris International will post 7.14 EPS for the current year.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Capstone Wealth Management Group LLC bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $238,000. N.E.W. Advisory Services LLC raised its holdings in Philip Morris International by 5.7% in the 1st quarter. N.E.W. Advisory Services LLC now owns 3,027 shares of the company’s stock worth $480,000 after acquiring an additional 164 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Philip Morris International by 39.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,101 shares of the company’s stock worth $4,778,000 after acquiring an additional 8,512 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.