Initiating Coverage of Teleflex With No Moat and Stable Trend Ratings; Shares Overvalued
We are initiating coverage of Teleflex, Inc., a Pennsylvania-based medical equipment company, with no moat and stable trend ratings. Our estimate of fair value is roughly $181 per share, which represents a meaningful discount from the current market price. While this valuation differential appears vast, we’d note the market is pricing shares at or above the valuation C.R. Bard received in its take-out offer from Becton Dickinson earlier this year. We believe Teleflex shares are currently baking ...
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.