Lowering Frank’s Fair Value Estimate on Reduced U.S. Services Segment Forecasts
After reviewing fourth-quarter results for Frank’s, we are lowering our fair value estimate from $7.50 to $7 per share. Our narrow moat rating and high uncertainty rating remain in place. The lower fair value estimate comes chiefly from a lower appraisal of the near- and long-term profitability for the company’s U.S. Services segment.Specifically, we’ve lowered our U.S. Services midcycle revenue expectations by about 10%. We have been disappointed by the level of revenue recovery achieved by F...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.