Report
Michael Wong
EUR 101.80 For Business Accounts Only

Greenhill Remains a Turnaround Story in Progress; No Change to $22 per Share FVE

We don’t anticipate making a material change to our $22 per share fair value estimate for narrow-moat Greenhill following fourth-quarter results from the firm that demonstrate it remains a turnaround story in progress. For 2017, the company reported a loss of $27 million, or $0.83 per share, on $239 million of revenue. From the first through the third quarters of 2017, Greenhill had pretax income of $1.5 million, with the loss for the year driven by relatively low revenue in the fourth quarter, ...
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
Michael Wong

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