NEW YORK (

TheStreet

) --

Philip Morris International

(NYSE:

PM

) hit a new 52-week high Thursday as it traded at $64.62 compared with its previous 52-Week high of $64.60. Philip Morris International is changing hands at $64.62 with 1.5 million shares traded as of 10:57 a.m. ET. Average volume has been 6.7 million shares over the past 30 days.

Philip Morris International has a market cap of $113.8 billion and is part of the

consumer goods

sector and

tobacco

industry. Shares are up 9.1% year to date as of the close of trading on Wednesday.

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 16.2, equal to the average tobacco industry P/E ratio and above the S&P 500 P/E ratio of 16.

  • Practice your PM trading strategies and win cash in our stock game.

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 impressive record of earnings per share growth. 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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null