Philip Morris International (NYSE:PM) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $5.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.21. Philip Morris International also updated its FY 2019
Pre-Market guidance to 5.16-5.16 EPS.
PM has been the subject of several research analyst reports. Bank of America raised Philip Morris International from a neutral rating to a buy rating and set a $96.00 price objective for the company in a report on Tuesday, October 1st. JPMorgan Chase & Co. set a $86.00 target price on Philip Morris International and gave the company a neutral rating in a report on Wednesday, August 28th. ValuEngine raised Philip Morris International from a sell rating to a hold rating in a research report on Tuesday. Wells Fargo & Co cut their price target on Philip Morris International from $102.00 to $100.00 and set an outperform rating for the company in a research note on Friday, October 18th. Finally, Credit Suisse Group set a $80.00 target price on shares of Philip Morris International and gave the company a sell rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $92.27.
Shares of PM stock opened at $82.28 on Tuesday. The stock has a fifty day simple moving average of $82.32 and a two-hundred day simple moving average of $80.19. Philip Morris International has a 52-week low of $64.67 and a 52-week high of $92.74. The firm has a market capitalization of $128.52 billion, a PE ratio of 16.13, a PEG ratio of 2.02 and a beta of 1.01.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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