Funds management giant Magellan is worth twice what its share price indicates, according to Morningstar, as a new chief executive, staff retention efforts and slowing outflows improve the outlook for the hard-hit firm.
Morningstar has placed a fair value estimate on the company’s share price of $31.30, more than double the $15.23 level at which the shares closed on Monday, and pointed to encouraging signs that the business has entered into a calmer phase after months of turbulence.
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$9.44 |
Change
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Mkt cap ! $1.706B |
Open | High | Low | Value | Volume |
$9.53 | $9.67 | $9.42 | $3.361M | 352.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1229 | $9.44 |
Sellers (Offers)
Price($) | Vol. | No. |
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$9.45 | 1457 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1000 | 9.410 |
1 | 2000 | 9.400 |
2 | 600 | 9.380 |
1 | 1550 | 9.370 |
1 | 108 | 9.260 |
Price($) | Vol. | No. |
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9.600 | 2000 | 1 |
9.640 | 230 | 1 |
9.650 | 3108 | 3 |
9.660 | 500 | 1 |
9.670 | 1700 | 2 |
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