Philip Morris International Reaches New 52-Week High (PM)
Philip Morris International (NYSE:PM) hit a new 52-week high Wednesday as it is currently trading at $96.66, above its previous 52-week high of $96.60 with 1.9 million shares traded as of 12 p.m. ET. Average volume has been five million shares over the past 30 days.
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 Wednesday as it is currently trading at $96.66, above its previous 52-week high of $96.60 with 1.9 million shares traded as of 12 p.m. ET. Average volume has been five million shares over the past 30 days. Philip Morris International has a market cap of $157.58 billion and is part of the consumer goods sector and tobacco industry. Shares are up 14.3% year to date as of the close of trading on Tuesday. Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Philip Morris International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.