Despite lower oil prices, Ecolab's energy business should return to growth.
Ecolab announced high-level 2017 results and provided initial 2018 guidance. The company generated solid profit growth in 2017, in line with our expectations. We’re increasing our fair value estimate on Ecolab to $108 per share from $105, attributable to time value of money, and our forecast remains essentially unchanged. Our narrow moat rating remains intact.2017 adjusted EPS grew roughly 7%, driven by the company’s reliable global industrial and global institutional segments. These segments b...
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.
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