NEW YORK (

TheStreet

) --

Philip Morris International

(NYSE:

PM

) hit a new 52-week high Monday as it traded at $63.06 compared with its previous 52-Week high of $63. Philip Morris International is changing hands at $63.04 with 2.3 million shares traded as of 11:57 a.m. ET. Average volume has been 6.5 million shares over the past 30 days.

Philip Morris International has a market cap of $113 billion and is part of the

consumer goods

sector and

tobacco

industry. Shares are up 6.4% year to date as of the close of trading on Friday.

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 16.6, above the average tobacco industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Philip Morris International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Philip Morris International Ratings Report

.

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