Teleflex's Recent Acquisitions Continue to Outperform Expectations
No-moat Teleflex reported 2018 results that fell in line with our expectations and provided an initial 2019 outlook that largely brackets our estimates. We'll likely raise our $189 per share fair value estimate by a mid-single-digit percentage to account for the cash flows received since our last update, but we don’t intend to make many meaningful changes to our assumptions.Notably, the firm reported full-year organic constant-currency revenue growth of 5.1%, near the low end management's 5.0%-...
Teleflex is a provider of medical technology products. The company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. The company's product categories within its geographic segments include vascular access, which provides devices that facilitate a variety of critical care therapies and other applications; anesthesia, which comprised of airway and pain management product lines; and interventional, which consist of a variety of coronary catheters, structural heart therapies, and peripheral intervention products.
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.
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