Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Lorillard ( LO) pushed the Tobacco industry higher today making it today's featured tobacco winner. The industry as a whole closed the day up 0.7%. By the end of trading, Lorillard rose $0.63 (1.3%) to $50.63 on average volume. Throughout the day, 4,134,423 shares of Lorillard exchanged hands as compared to its average daily volume of 3,043,000 shares. The stock ranged in a price between $49.80-$50.81 after having opened the day at $50.05 as compared to the previous trading day's close of $50.00.
Lorillard, Inc. manufactures and sells cigarettes in the United States. The company operates through two segments, Cigarettes and Electronic Cigarettes. The Cigarettes segment manufactures and sells cigarettes. Lorillard has a market cap of $18.1 billion and is part of the consumer goods sector. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Lorillard a buy, 1 analyst rates it a sell, and 5 rate it a hold. TheStreet Ratings rates Lorillard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.