TipRanksStock Market NewsPM NewsPhilip Morris (PM) Receives a Buy from Barclays

Philip Morris (PM) Receives a Buy from Barclays

In a report issued on March 8, Gaurav Jain from Barclays maintained a Buy rating on Philip Morris (PMResearch Report), with a price target of $112.00. The company’s shares closed last Wednesday at $93.81.

Jain has an average return of 14.1% when recommending Philip Morris.

According to TipRanks.com, Jain is ranked #2406 out of 7769 analysts.

Philip Morris has an analyst consensus of Moderate Buy, with a price target consensus of $112.83.

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Based on Philip Morris’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.1 billion and net profit of $2.09 billion. In comparison, last year the company earned revenue of $7.44 billion and had a net profit of $1.98 billion.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1847, the New York-based Philip Morris International, Inc. is a leading tobacco company that manufactures and sells cigarettes, tobacco, nicotine-containing products, smoke-free products and related electronic devices and accessories in over 180 countries. The company’s most popular and best selling brand is Marlboro.

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