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Quest Diagnostics Inc. (NYSE: DGX) – Is this large market cap stock undervalued?

Quest Diagnostics Inc. (NYSE: DGX), is firmly in the large market cap category with market cap of 11545.11. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Quest Diagnostics Inc. is 83.59 (with a change from open of 0.32%), this in conjunction with a target price of 82.89. Volume today has so far reached 315626, with an average volume of about 1230.84. The GAP for this stock, is 0.08%.

The P/E ratio is 14.56, bringing the forward P/E to a value of 15.28. The current EPS for Quest Diagnostics Inc., is 5.72, with a EPS growth for this year coming to a value of 28.60%. Performance has been interesting with performance year to date coming to 18.92%.

Looking further into the growth statistics for Quest Diagnostics Inc., EPS is looking like it will grow 6.74% in the next year. Looking even further it is projected to be 7.63%. Quarter over quarter is 68.70% for EPS growth and for sales growth quarter over quarter it is -1.00%. Looking at past EPS growth statistics we see that for the past five years it has been 4.10%. Sales growth for the past five years has in fact been 0.60%.

Looking at the ownership, we see that the insider ownership is at 0.20% and institutional ownership is 96.80%. Shares outstanding is 138.68, while shares float is at a value of 138.49. Float short for Quest Diagnostics Inc. is 4.06% and the short ratio is 4.56.

In terms of debt, long term debt/equity is 0.85, while the total debt/equity comes to 0.85. The ability to meet these debts, means that the current ratio is 1.4, and the quick ratio is 1.3. The most recent gross margin is 38.70% and their operating margin is 20.70%. The profit margin is 11.00%.

Quest Diagnostics Inc. has seen returns on assets of 8.20%, and on investment, 12.30%. Return on equity is 17.90%. Price/Earnings to growth ratio is 1.91. Price/Sales ratio is at a value of 1.54, with Price/book ratio coming to 2.57 and Price/cash is 40.8, and finally Price/Free cash Flow is 32.07.

The simple moving averages are -0.61% and 12.49% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -3.75% and the 52 week low is 42.28%.

Quest Diagnostics Inc. has a dividend yield of 1.92%, with a current price of 83.59. The ability to pay this means the payout ratio is 27.10%. This is in an industry, Medical Laboratories & Research, with equally high dividends from other companies in this sector, which it is Healthcare. Quest Diagnostics Inc. is based in USA.

Performance in the Medical Laboratories & Research industry means that Quest Diagnostics Inc. has seen performance for the past week of 2.88%, with performance for the month coming to -1.70%. Looking at the data for the quarter it is at a value of 10.47%, and for the half year the performance is 24.89%. Volatility for this week is 2.05% and for the month this is 1.53%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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