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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Philip Morris International (NYSE: PM) hit a new 52-week high Thursday as it is currently trading at $93.97, above its previous 52-week high of $93.60 with 602,694 shares traded as of 10:10 a.m. ET. Average volume has been 5.2 million shares over the past 30 days.

Philip Morris International has a market cap of $154.83 billion and is part of the consumer goods sector and tobacco industry. Shares are up 18.2% year to date as of the close of trading on Wednesday.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company has a P/E ratio of 19, above the average tobacco industry P/E ratio of 18.2 and above 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 solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Philip Morris International Ratings Report.

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