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What Analysts Recommend for Philip Morris

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Apr. 12 2018, Updated 9:01 a.m. ET

Analyst recommendations

As of April 10, 2018, Philip Morris International (PM) was trading at $101.1. On the same day, analysts were expecting the company’s stock price to reach $120.06 in the next 12 months, which represents a return potential of 18.8%.

The strong growth in reduced risk products sales and measures adopted by Philip Morris’s management to increase the production of HEETS used in iQOS appear to have compelled analysts to raise their target price. On April 10, 2018, Deutsche Bank initiated coverage of Philip Morris with a “buy” rating and a target price of $120. Earlier, on February 28, 2018, Citigroup upgraded the stock from a “neutral” to “buy” rating with a target price of $125. However, Jefferies had cut its target price from $124 to $121 on March 12, 2018.

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Analyst ratings

Of the 18 analysts that follow Philip Morris, 61.1% are recommending a “buy,” and 38.9% are favoring a “hold.” None of the analysts favor “sell” recommendations. Philip Morris’s stock price moves in tandem with analysts’ ratings. When analysts raise their target price, the stock price of the company moves up and vice versa. Currently, Philip Morris is trading below analyst’s 12-months target price. However, this does not mean an automatic “buy.” Investors are advised to analyze analysts’ estimate discussed in our earlier articles before making any investment

Peers comparisons

Of the 16 analysts that follow Altria Group (MO), 68.8% are favoring “buy,” and 31.3% are favoring “hold.” None of the analysts are favoring “sell” option. Analysts are expecting the company’s stock price to reach $77.07 in next 12-months, which represents a return potential of 20.0%.

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