Nomura Reiterates Reduce on Philip Morris (PM)

By admin | 6 years ago

Philip Morris (NYSE: PM)‘s stock had its “reduce” rating reaffirmed by research analysts at Nomura (NYSE: NMR) in a report released on Monday.

Shares of Philip Morris traded up 0.28% during mid-day trading on Monday, hitting $85.63. Philip Morris has a one year low of $60.45 and a one year high of $91.05. The company has a market cap of $146.0 billion and a P/E ratio of 16.94.

Philip Morris last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.05. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Philip Morris will post $1.44 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) reiterated a “buy” rating on shares of Philip Morris in a research note to investors on Monday, May 7th. They now have a $99.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Philip Morris in a research note to investors on Friday, April 20th. They now have a $91.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Philip Morris in a research note to investors on Friday, April 20th. They now have an “overweight” rating and a $90.00 price target on the stock.

Philip Morris International Inc. (PMI) is a holding company. PMI, through its subsidiaries and affiliates and their licensees, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America.

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