We Upgrade Our FVE for Pearson to GBX 880 but Shares Remain Fairly Valued
The Feb. 22 update from narrow-moat Pearson contained little in the way of surprises, as the company released preliminary full-year results last month. We do not intend to make any material changes to our forecasts nor to our GBX 800 fair value estimate. Having been marginally overvalued, the shares are back in fairly valued territory, in our view, after recent declines.Investors have been pretty underwhelmed recently. The shift to digital from print has been touted by management as the panace...
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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