Philip Morris International Inc. (PM): Today's Featured Tobacco Laggard - TheStreet

Philip Morris International

(

PM

) pushed the Tobacco industry lower today making it today's featured Tobacco laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Philip Morris International fell $1.16 (-1.3%) to $86.62 on heavy volume. Throughout the day, 10,596,741 shares of Philip Morris International exchanged hands as compared to its average daily volume of 5,137,500 shares. The stock ranged in price between $86.56-$88.32 after having opened the day at $87.50 as compared to the previous trading day's close of $87.78. Another company within the Tobacco industry that decreased today was

British American Tobacco

(

BTI

), down 2.1%.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Philip Morris International has a market cap of $143.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Philip Morris International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Philip Morris International

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the tobacco industry could consider

PowerShares Dynamic Food & Beverage

(

PBJ

) while those bearish on the tobacco industry could consider

PowerShares DB Agriculture Sht ETN

(

ADZ

).

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