Philip Morris International Stock Hits New 52-Week High (PM)

NEW YORK ( TheStreet) -- Philip Morris International (NYSE: PM) hit a new 52-week high Friday as it is currently trading at $88.68, above its previous 52-week high of $88.51 with 1.5 million shares traded as of 10:35 a.m. ET. Average volume has been 6.1 million shares over the past 30 days.

Philip Morris International has a market cap of $128.8 billion and is part of the consumer goods sector and tobacco industry. Shares are up 10.4% year to date as of the close of trading on Thursday.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company has a P/E ratio of 18.7, above the average tobacco industry P/E ratio of 15.7 and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, growth in earnings per share and expanding profit margins. 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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