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

Headlines about Philip Morris International (NYSE:PM) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Philip Morris International earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5247363033829 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

Shares of Philip Morris International (PM) opened at $103.10 on Tuesday. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $123.55. The firm has a market capitalization of $160,010.95, a price-to-earnings ratio of 22.94, a PEG ratio of 2.08 and a beta of 0.91. 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 (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the business posted $1.25 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Philip Morris International will post 4.76 EPS for the current year.

PM has been the subject of several research reports. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 target price (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 target price (down from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $124.62.

WARNING: This report was first posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/11/14/philip-morris-international-pm-receiving-somewhat-favorable-media-coverage-report-finds.html.

In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’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 disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.

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

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply