Merck Reports In-Line Fourth Quarter as Keytruda Helps Offset Generic Headwinds
Merck reported fourth-quarter results and issued 2017 guidance largely in line with both our and consensus expectations, and we don’t expect any major changes to our $65 fair value estimate. We think the stock is fairly valued. We continue to remain very bullish on Merck’s immuno-oncology drug Keytruda, but weakness in the remaining parts of the company limit our enthusiasm at the current valuation. Nevertheless, we continue to view Merck’s moat as wide, with the company doing an excellent job o...Merck & Co. is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The company's segments are: Pharmaceutical, which includes human health pharmaceutical products that consist of therapeutic and preventive agents for the treatment of human disorders, and human health vaccine products that consist of preventive pediatric, adolescent and adult vaccines; and Animal Health, which discovers, develops, manufactures and markets veterinary pharmaceuticals, vaccines and health management solutions and services, as well as a suite of digitally connected identification, traceability and monitoring products.
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.
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