--- title: "Philip Morris International (NYSE:PM) Price Target Raised to $125.00 at JPMorgan Chase & Co." description: "JPMorgan Chase & Co. raised their target price on Philip Morris International (NYSE:PM) from $110.00 to $125.00 and gave the stock an \"overweight\" rating. The stock is currently trading at $112.85, wi" type: "news" locale: "en" url: "https://longbridge.com/en/news/209844432.md" published_at: "2024-07-25T15:10:53.000Z" --- # Philip Morris International (NYSE:PM) Price Target Raised to $125.00 at JPMorgan Chase & Co. > JPMorgan Chase & Co. raised their target price on Philip Morris International (NYSE:PM) from $110.00 to $125.00 and gave the stock an "overweight" rating. The stock is currently trading at $112.85, with a potential upside of 10.77%. Several other research reports have also given positive ratings to the stock. Philip Morris International is a tobacco company that aims to deliver a smoke-free future. Philip Morris International (NYSE:PM - Get Free Report) had its price objective increased by research analysts at JPMorgan Chase & Co. from $110.00 to $125.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 10.77% from the stock's previous close. - What are consumer staples stocks? PM has been the topic of several other reports. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Bank of America lifted their price target on Philip Morris International from $110.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $106.67. **Get Our Latest Stock Report on Philip Morris International** ## Philip Morris International Trading Up 1.3 % - What is the consumer staples sector? NYSE:PM traded up $1.41 during mid-day trading on Thursday, hitting $112.85. The stock had a trading volume of 1,087,333 shares, compared to its average volume of 5,338,831. The stock has a 50-day simple moving average of $102.74 and a two-hundred day simple moving average of $96.28. The company has a market capitalization of $175.43 billion, a PE ratio of 22.04, a PEG ratio of 2.23 and a beta of 0.58. Philip Morris International has a twelve month low of $87.23 and a twelve month high of $113.68. Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 8.58% and a negative return on equity of 111.24%. The company had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $9.19 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts predict that Philip Morris International will post 6.37 EPS for the current fiscal year. ## Institutional Inflows and Outflows - Altria Group stock gets smoked, but there’s a silver lining Several institutional investors have recently added to or reduced their stakes in PM. Kessler Investment Group LLC acquired a new position in shares of Philip Morris International during the 1st quarter valued at about $25,000. Iron Horse Wealth Management LLC grew its position in shares of Philip Morris International by 684.4% during the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock worth $25,000 after buying an additional 219 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company's stock worth $30,000 after purchasing an additional 230 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Philip Morris International by 57.4% during the second quarter. Fortitude Family Office LLC now owns 318 shares of the company's stock worth $32,000 after purchasing an additional 116 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in Philip Morris International during the fourth quarter worth $33,000. Institutional investors and hedge funds own 78.63% of the company's stock. ## Philip Morris International Company Profile (Get Free Report) Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. ## Read More - Five stocks we like better than Philip Morris International - Stock Splits, Do They Really Impact Investors? - Qualcomm Stock Could Be On The Verge of an Impressive Rally - Do Real Estate Investment Trusts Deserve a Place in Your Portfolio? - Conviction Firms For Chipotle Stock's 25% Share Price Increase - Energy and Oil Stocks Explained - Beauty Retailer Stock Brings Early Christmas for Value Investors *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Former Hedge Fund Manager Issues Crash Prediction (From Stansberry Research) (Ad)## Should you invest $1,000 in Philip Morris International right now? Before you consider Philip Morris International, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list. While Philip Morris International currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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