News stories about Philip Morris International (NYSE:PM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Philip Morris International earned a media 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, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
PM has been the topic of a number of recent analyst reports. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the company from $118.00 to $119.00 in a research note on Friday, August 11th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Saturday, August 19th. Cowen reaffirmed a “buy” rating and set a $135.00 target price on shares of Philip Morris International in a report on Tuesday, August 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $120.00 target price (down from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $124.23.
Shares of Philip Morris International (NYSE PM) opened at $104.61 on Tuesday. Philip Morris International has a 1 year low of $87.57 and a 1 year high of $123.55. The company has a market capitalization of $162,480.00, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.90. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts predict that Philip Morris International will post 4.75 earnings per share for the current fiscal year.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.
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About Philip Morris International
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.
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