Peugeot 1Q17 Revenue Improves; EUR 11 Fair Value Unchanged
No-moat-rated Peugeot reported a 3% increase in first-quarter 2017 auto division revenue but excluding negative currency translation, auto division revenue would have been up 4%. We expect full-year automotive revenue growth to be roughly 4% as solid demand recovery in Europe continues in 2017. We think the market has gotten ahead of itself with this 1-star rated stock, which currently trades at nearly a 73% premium to our EUR 11 fair value estimate.The market has bid the shares higher on the b...
Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).
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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