Smiths Group Looks Attractive, Especially on Growth Opportunities in Detection
We have increased our fair value estimate for narrow-moat Smiths Group to GBX 1,810 from GBX 1,730 for the local shares and to $24.90 from $23.30 for the ADRs, incorporating the company's medium-term guidance on tax rates following U.S. tax reform as well adjusting for the time value of money. We believe Smiths is attractively valued as one of the few companies we cover trading below 20 times earnings, at around 16 times our 2017 forecast. Our medium-term forecasts are above consensus; we believ...
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.