Philip Morris International (NYSE:PM) Price Target Raised to $182.00 at UBS Group

Philip Morris International (NYSE:PMGet Free Report) had its price target raised by UBS Group from $168.00 to $182.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 2.58% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley boosted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus dropped their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $194.62.

Get Our Latest Stock Analysis on Philip Morris International

Philip Morris International Stock Performance

Shares of PM opened at $177.43 on Thursday. The stock has a fifty day moving average price of $177.97 and a two-hundred day moving average price of $172.39. Philip Morris International has a 52-week low of $142.11 and a 52-week high of $193.05. The company has a market cap of $276.53 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.09 and a beta of 0.38.

Philip Morris International (NYSE:PMGet Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, research analysts predict that Philip Morris International will post 8.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Philip Morris International

Several hedge funds have recently bought and sold shares of the company. AG Campbell Advisory LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in Philip Morris International during the fourth quarter worth about $26,000. Richards Merrill & Peterson Inc. acquired a new stake in Philip Morris International in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. raised its stake in Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Philip Morris International in the 4th quarter valued at about $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

(Get Free Report)

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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