Price Over Earnings Overview: Carrier Global
Portfolio Pulse from Benzinga Insights
Carrier Global Inc.'s (NYSE:CARR) share price is currently at $48.08, after a 0.88% increase. Over the past month, the stock fell by 10.14%, but it spiked by 24.64% in the past year. The company's P/E ratio of 33.8 is higher than the Building Products industry average of 32.01, which could indicate that the stock is overvalued or that it might perform better than its industry group.
November 01, 2023 | 4:15 pm
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Carrier Global Inc.'s share price is at $48.08, after a 0.88% increase. Its P/E ratio of 33.8 is higher than the industry average, which could suggest that the stock is overvalued or might outperform its industry group.
Carrier Global Inc.'s share price has increased by 0.88% and its P/E ratio is higher than the industry average. This could suggest that the stock is overvalued, which might negatively impact the stock price in the short term. However, it could also indicate that the company might outperform its industry group, which could positively impact the stock price. Therefore, the potential short term impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100