La Quinta and other brands support Wyndham Hotels’ brand and switching cost advantages.
Narrow-moat Wyndham Hotels reported second-quarter results that tracked near our 2018 forecast, resulting in no expected material change to our $75 fair value estimate. We see shares as undervalued, trading at around 11 times 2018 EV/EBITDA, below narrow-moat peer Choice's 14-15 times multiple, a discount we view as unwarranted, given similar growth profiles and exposures.The company's 4% constant currency revPAR growth matched the industry's lift and that posted by narrow-moat peers Hilton and...
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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