Steris PLC

STE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$597.00	Ndxtlz	Vpwxnxxk

Steris Ends Fiscal Year on Solid Footing With Cantel Purchase About to Close; Shares Sensibly Priced

Aaron Degagne

May 19, 2021

Narrow-moat Steris ended the fiscal year in transition with the Cantel acquisition expected to close on June 2. We are maintaining our fair value estimate at $182, and we view shares as fairly valued following the stock’s recent slide.

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