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Is this Large Market Cap Stock target price reasonable for Coherent Inc. (NASDAQ:COHR)?

The company in question is, Coherent Inc. (NASDAQ:COHR) currently with a stock price of 105.1 (-0.68% today). The market cap for Coherent Inc. is 2626.45, and is in the sector Technology, and Scientific & Technical Instruments industry. The target price for Coherent Inc. is 119.2. Currently Coherent Inc. is trading with a P/E of 30.9, and a forward P/E of 16.94. Average volume for Coherent Inc. is 181.95 and so far today it is 88812.

Performance in the last year for Coherent Inc. has been 86.96%. For EPS growth, Coherent Inc. has seen a growth of 29.70%, and is looking to grow in the next year to 35.36%. More long term stats show that EPS growth has been 15.80% over the last five years and could be 12.50% for the next five years. Coherent Inc. has seen sales growth quarter over quarter at 16.10%, with EPS growth quarter over quarter at 43.50%. The 20-day simple moving average is -2.76%, with the 200-day simple moving average coming to 14.56%.

Since the IPO date for Coherent Inc. on the 3/26/1990, Coherent Inc. has seen performance year to date to be 62.52%. With Coherent Inc. trading at 105.1, the dividend yield is *TBA, and the EPS is 3.43.

So could Coherent Inc., be undervalued? Well as said before P/E is 30.9. The PEG is 2.47, P/S is 3.21 and the P/B is at 2.94. The P/cash is 7.03, with P/free cash flow at 34.6.

Coherent Inc. ability to deal with debt shows that the current ratio is 4.6, and the quick ratio is 3.4. This is with long term debt/equity at 0, and total debt/equity at 0.02.

In terms of margins, Coherent Inc. has a gross margin of 43.70%, an operating margin of 14.10% and a profit margin of 10.30%.Payout ratio for Coherent Inc. is 0.00%. Return on assets come to 8.20% with return on investment coming to 9.70%.

Insider ownership for Coherent Inc., is at 0.20% and institutional ownership comes to 94.90%. Outstanding shares are at 24.82. While shares float is 23.98. The float short is currently 1.97%, and short ratio is 2.6.

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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Tony Dabbs

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