Price Over Earnings Overview: Abbott Laboratories
Portfolio Pulse from Benzinga Insights
Abbott Laboratories (NYSE:ABT) stock has increased by 2.26% in the current session, 3.30% over the past month, and 24.34% over the past year. Its P/E ratio of 36.61 is lower than the industry average of 272.88, suggesting potential undervaluation or lower growth expectations.
October 16, 2024 | 2:15 pm
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Abbott Laboratories' stock has shown significant growth over the past year, with a current P/E ratio of 36.61, lower than the industry average. This could indicate potential undervaluation or lower growth expectations.
The stock's recent performance and lower P/E ratio compared to the industry suggest it might be undervalued, which could attract investors looking for growth opportunities. However, the lower P/E could also reflect lower growth expectations.
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