Philip Morris International (PM) Getting Somewhat Favorable Media Coverage, Report Finds

News headlines about Philip Morris International (NYSE:PM) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Philip Morris International earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1474123891663 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of research firms have recently issued reports on PM. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Wells Fargo & Company reissued an “outperform” rating and issued a $135.00 price target (down previously from $140.00) on shares of Philip Morris International in a report on Wednesday. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $124.23.

Philip Morris International (NYSE:PM) traded down $0.02 on Friday, reaching $102.64. 4,016,887 shares of the company’s stock were exchanged, compared to its average volume of 4,345,592. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55. The firm has a market cap of $159,420.75, a price-to-earnings ratio of 22.86, a PEG ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the firm posted $1.25 EPS. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. equities analysts forecast that Philip Morris International will post 4.75 earnings per share for the current fiscal year.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

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Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Insider Buying and Selling by Quarter for Philip Morris International (NYSE:PM)

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