Transurban Group

TCL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$11.70	Ykxy	Mclwzyzqc

Transurban’s Quarterly Revenue Tracks Our Full-Year Forecasts; Securities Overvalued

Adam Fleck

Apr 13, 2017

Wide-moat Transurban’s March quarter traffic and revenue update puts the toll-road operator on track to meet our fiscal 2017 forecast, and we reiterate our AUD 10.50 fair value estimate per security. At the current market quote of AUD 12.00, the securities look slightly overvalued.

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