Report
Kelsey Tsai
EUR 101.80 For Business Accounts Only

Momentum Continues for IQVIA With 4Q Results; Increasing FVE to $105

We are updating our fair value estimate for IQVIA, formerly QuintilesIMS, slightly to $105 per share from $100 following the company’s fourth-quarter results. The gain is largely attributable to the time value of money, as quarterly results and 2018 outlook prompted no major changes to our estimates. With its amassed scale and intangible assets, IQVIA is in a plum position in the late-stage contract research industry and healthcare technology space, which underlies our wide moat rating.
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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.

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Kelsey Tsai

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