7 Stocks Hit 52-Week Highs: Philip Morris, Visa
NEW YORK (TheStreet) -- The following stocks reached 52-week highs on Friday: Philip Morris International(PM) , Visa(V) , Toll Brothers(TOL) , CBS(CBS) , Family Dollar(FDO) , PetSmart(PETM) and Dillard's(DDS) .
Philip Morris International
"PM reported a very impressive 1Q12 adj. EPS of $1.25, beating our forecast by 2
Shares of Philip Morris hit a 52-week high Friday of $90.22. The stock's 52-week low of $60.45 was set on Oct. 4.
Philip Morris trades at an estimated price-to-earnings ratio for next year of 15.35 times; the average for tobacco companies is 12.37. For comparison, Altria(MO) has a forward P/E of 13.58.
Fourteen of the 22 analysts who cover Philip Morris rated it buy. Seven analysts gave the stock a buy rating and one rated it sell.