Veolia's FY Results In Line With Expectations, Financial Targets Confirmed; Shares Undervalued
We reiterate our fair value estimate of EUR 22.10 per Veolia share, along with our no-moat and stable trend ratings, after the group reported 2017 results in line with our expectations, confirmed 2018 and 2019 financial targets, and set a 2017 dividend at EUR 0.84, in line with our EUR 0.85 forecast, but above the EUR 0.82 expected by consensus. Strong organic revenue growth delivered in 2017 reinforces management's credibility and highlights better positioning than peer Suez. Shares are underva...
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.