Lorillard Stock Hits New 52-Week High (LO)

NEW YORK ( TheStreet) -- Lorillard (NYSE: LO) hit a new 52-week high Friday as it is currently trading at $137.34, above its previous 52-week high of $136.92 with 22,866 shares traded as of 9:39 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Lorillard has a market cap of $17.8 billion and is part of the consumer goods sector and tobacco industry. Shares are up 19.4% year to date as of the close of trading on Thursday.

Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. It markets approximately 43 product offerings in various brand names, including Newport, Kent, True, Maverick, and Old Gold. The company has a P/E ratio of 17.3, above the average tobacco industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lorillard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Lorillard Ratings Report.

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