Continued Growth at Steris Underscores Narrow Economic Moat
Steris reported another characteristically strong quarter, with organic constant currency revenue up nearly 7% in the period. We'll make some adjustments to our model but anticipate only a modest increase to our $101 fair value estimate. We saw impressive performance across the narrow-moat enterprise, although the comparable growth of 8% in its applied sterilization segment and 10% in healthcare services stood out to us in particular. Our valuation implies 19.9 times and 13.4 times our updated e...
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.