NEW YORK (

TheStreet

) --

Philip Morris International

(NYSE:

PM

) hit a new 52-week high Tuesday as it is currently trading at $70.99, above its previous 52-week high of $70.77 with 237,771 shares traded as of 9:37 a.m. ET. Average volume has been 6.7 million shares over the past 30 days.

Philip Morris International has a market cap of $125.4 billion and is part of the

consumer goods

sector and

tobacco

industry. Shares are up 20.5% year to date as of the close of trading on Friday.

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Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. The company has a P/E ratio of 17.3, equal to the average tobacco industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Philip Morris International as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Philip Morris International Ratings Report

.

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