Philip Morris International Earns A- Credit Rating from Morningstar

Source from:  American Banking and Marketing News 08/14/2015

Philip Morris International (NYSE:PM) has been given an "A-" credit rating by Morningstar. The research firm's "A-" rating indicates that the company is a low default risk. They also gave their stock a four star rating.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reissued a "buy" rating on shares of Philip Morris International in a research report on Monday, May 4th. Zacks raised shares of Philip Morris International from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Tuesday, June 30th. Renaissance Capital increased their price target on shares of Philip Morris International from $85.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Credit Suisse reaffirmed a "neutral" rating and set a $84.00 price objective (up from $80.00) on shares of Philip Morris International in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Philip Morris International in a research note on Tuesday, May 12th. They set a "neutral” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Philip Morris International has an average rating of "Hold" and a consensus target price of $81.17.

Philip Morris International (NYSE:PM) opened at 85.64 on Thursday. The firm has a market capitalization of $132.67 billion and a price-to-earnings ratio of 17.92. The company has a 50-day moving average of $83.80 and a 200 day moving average of $82.17. Philip Morris International has a one year low of $75.27 and a one year high of $90.25.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 16th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The business earned $6.90 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the firm earned $1.41 EPS. Philip Morris International's revenue for the quarter was down 12.0% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International will post $4.44 EPS for the current year.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $85.37, for a total transaction of $2,134,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Philip Morris International Inc. is a holding company engaged in the production and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company's products are sold in more than 180 markets, which include an assortment of local and international, premium, mid-cost and low-cost brands. Its premium cost brands include Marlboro, Merit, Parliament and Virginia Slims; mid- price brands are L&M and Chesterfield, and international brands comprise Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local smoke brands consist of Sampoerna, Dji Sam Soe and U Light in Indonesia; Fortune, Victor and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia. Enditem