Philip Morris International hit a new 52-week high Wednesday as it is currently trading at $77.36, above its previous 52-week high of $77.03 with 809,094 shares traded as of 10:05 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.
Philip Morris International has a market cap of $131.32 billion and is part of the consumer goods sector and tobacco industry. Shares are up 31% 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 16.1, above the average tobacco industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.
The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance.
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