2. As of noon trading, Philip Morris International ( PM) is down $0.61 (-0.7%) to $93.51 on average volume Thus far, 2.5 million shares of Philip Morris International exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $93.35-$95.60 after having opened the day at $94.89 as compared to the previous trading day's close of $94.12. Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Philip Morris International has a market cap of $153.9 billion and is part of the tobacco industry. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Friday. 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. Get the full Philip Morris International Ratings Report now. 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.
As part of yesterday's massive Tesla Motors price target hike, Morgan Stanley analyst Adam Jonas touched on the upcoming Gigafactory, which Tesla wants to house lithium-ion battery production. While no one knows what it will cost, it's likely to be incredibly expensive.