Steris PLC

STE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$254.00	Xggdknj	Wsypppwv

Narrow-Moat Steris Sees Sequential Gains in Fiscal Second Quarter; Shares Still Fairly Priced

Aaron Degagne

Nov 3, 2020

Narrow-moat Steris reported improved fiscal 2021 second-quarter results. While revenue and earnings increased compared with the year-ago period, the firm’s growth trajectory continues to be slowed by the ongoing COVID-19 pandemic. We are maintaining our $175 fair value estimate and believe the shares are fairly valued.

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