Report
Ravi Reddy
EUR 147.86 For Business Accounts Only

Amid a fickle industry and consolidating market, Aristocrat Leisure is enjoying a purple patch.

Aristocrat Leisure's CEO and Managing Director, Jamie Odell will depart the company on 28 February 2017. The board has promoted Trevor Croker as replacement, subject to regulatory approval. Odell will remain until Croker assumes the CEO role formally from 1 March 2017.
Our AUD 10.50 per share fair value estimate is unchanged. Despite the negative stock price reaction to the change in leadership, shares in narrow moat-rated Aristocrat remain overvalued relative to our intrinsic assessment, tradin...
Underlying
Aristocrat Leisure Limited

Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ravi Reddy

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