Philip Morris International (NYSE:PM) Price Target Raised to $125.00 at JPMorgan Chase & Co.

Philip Morris International (NYSE:PM - Get Free Report) had its price objective increased by research analysts at JPMorgan Chase & Co. from $110.00 to $125.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 10.77% from the stock's previous close.

• What are consumer staples stocks?

PM has been the topic of several other reports. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Bank of America lifted their price target on Philip Morris International from $110.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Get Our Latest Stock Report on Philip Morris International

Philip Morris International Trading Up 1.3 %

• What is the consumer staples sector?

NYSE:PM traded up $1.41 during mid-day trading on Thursday, hitting $112.85. The stock had a trading volume of 1,087,333 shares, compared to its average volume of 5,338,831. The stock has a 50-day simple moving average of $102.74 and a two-hundred day simple moving average of $96.28. The company has a market capitalization of $175.43 billion, a PE ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.58. Philip Morris International has a twelve month low of $87.23 and a twelve month high of $113.68.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 8.58% and a negative return on equity of 111.24%. The company had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $9.19 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts predict that Philip Morris International will post 6.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

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Several institutional investors have recently added to or reduced their stakes in PM. Kessler Investment Group LLC acquired a new position in shares of Philip Morris International during the 1st quarter valued at about $25,000. Iron Horse Wealth Management LLC grew its position in shares of Philip Morris International by 684.4% during the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock worth $25,000 after buying an additional 219 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company's stock worth $30,000 after purchasing an additional 230 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Philip Morris International by 57.4% during the second quarter. Fortitude Family Office LLC now owns 318 shares of the company's stock worth $32,000 after purchasing an additional 116 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in Philip Morris International during the fourth quarter worth $33,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Company Profile

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.

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