Philip Morris Got Some Good News

By Austin Angelo

In a report released today, Michael Lavery from CLSA upgraded Philip Morris (NYSE: PM) to Buy. The company’s shares opened today at $89.20.

According to TipRanks.com, Lavery is a 2-star analyst with an average return of 1.7% and a 53.8% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as Reynolds American, Campbell Soup, and General Mills.

Philip Morris has an analyst consensus of Moderate Buy, with a price target consensus of $116.50.

Philip Morris’ market cap is currently $138B and has a P/E ratio of 21.28. The company has a book value ratio of -11.3649.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2016, Marc Firestone, the SVP & GC of PM sold 18,000 shares for a total of $1,747,080.