Philip Morris Got “Overweight” Rating at Morgan Stanley

Philip Morris

Morgan Stanley recently released a report in which it restated its overweight rating on shares of Philip Morris International, the leading tobacco manufacturer which produces Marlboro cigarettes. At present they have $92.00 target price on the stock, that is reduced compared to previous target price of $95.00.

Philip Morris activates in tobacco industry with substantial free cash flow and high profit margins. Main company’s advantage is great geographic diversification, with good exposure to Developed Markets (high margins) and EMs (growth).

Improvements are seen in cost saving realization and product innovation. Strong industry pricing and absence of excise tax shocks contribute to improvement in PM’s local-currency operating results.

Many companies expressed their opinion about Philip Morris. In a research note to investors on August 23, experts from Zacks reiterated a neutral rating on shares of Philip Morris International. Today they have a $88.00 price target on the stock. Also experts from TheStreet reiterated a hold rating on shares of Philip Morris International.

8 experts gave the stock a hold rating, 6 gave it a buy rating and 1 gave a strong buy rating to Philip Morris company which at present has a price target of $95.09 and an average rating of Buy.

Philip Morris International has a 52-week high of $96.73 and 52-week low of $82.10. The stock has a 200-day moving average of $90.94 and 50-day moving average of $87.47. The tobacco company has a market capitalization of $135.1 billion and a price-to-earnings ratio of 16.30.

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