A Look Into Mueller Industries Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Mueller Industries Inc. (NYSE:MLI) stock is trading at $82.00, with a 0.18% increase in the current session. Over the past month, the stock rose by 13.29%, and by 119.25% over the past year. The company's P/E ratio is lower than the Machinery industry's aggregate P/E of 29.49, suggesting potential undervaluation or lower growth expectations.
October 28, 2024 | 2:00 pm
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Mueller Industries Inc. (NYSE:MLI) is trading at $82.00, with a 0.18% increase today. The stock has seen significant growth over the past year, but its lower P/E ratio compared to the industry average suggests it might be undervalued or have lower growth expectations.
The stock's significant growth over the past year and its lower P/E ratio compared to the industry average suggest that it might be undervalued, which could attract investors looking for growth opportunities. This could lead to a positive short-term impact on the stock price.
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