RB Still Underearning as Scholl Blamed Again for Weakness; Shares Undervalued
Following a fairly soft first-quarter trading update, RB appears unlikely to rebound to its normalized organic growth rate this year as we had hoped, so we are lowering our fair value estimate to GBX 7,300 from GBX 7,400. Our longer-term thesis is intact, however, and we think the portfolio repositioning has created a wide-moat business with price/mix that should support above-industry-average growth in the medium term. We believe the shares offer an attractive discount to our fair value estimat...
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.