Federated Hermes Inc Class B
FHI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$15.00 | Gpgbk | Zbclmsgw |
Federated Hermes Earnings: Solid Near-Term Results Belie a More Difficult 2024-25 for the Firm
There was little in no-moat-rated Federated Hermes first-quarter results that would alter our long-term view of the firm. We are leaving our $38 per share fair value estimate in place and view the company's shares as being slightly to modestly undervalued right now.