As the Market Zigs, We Zag: Nine's FVE Cut 7% to AUD 1.40 per Share
We cut our fair value estimate for Nine Entertainment to AUD 1.40 per share from AUD 1.50. While the downgrade may seem at odds with the strong earnings momentum the group is currently enjoying, we believe this is more than reflected in the stock price. In fact, having risen over 60% over the past year, shares in the no-moat-rated group sailed past our previous intrinsic assessment.We now look beyond the positive dynamics occupying consensus’ mind and focus on the longer-term risks. It begins w...
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.