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Is this Large Market Cap Stock target price reasonable for Erie Indemnity Company (NASDAQ:ERIE)?

The company in question is, Erie Indemnity Company (NASDAQ:ERIE) currently with a stock price of 103.04 (0.40% today). The market cap for Erie Indemnity Company is 5325.47, and is in the sector Financial, and Insurance Brokers industry. The target price for Erie Indemnity Company is 100. Currently Erie Indemnity Company is trading with a P/E of 28.79, and a forward P/E of 25.81. Average volume for Erie Indemnity Company is 34.76 and so far today it is 15196.

Performance in the last year for Erie Indemnity Company has been 23.75%. For EPS growth, Erie Indemnity Company has seen a growth of 4.50%, and is looking to grow in the next year to 5.35%. More long term stats show that EPS growth has been 3.20% over the last five years and could be 10.00% for the next five years. Erie Indemnity Company has seen sales growth quarter over quarter at 5.50%, with EPS growth quarter over quarter at 9.50%. The 20-day simple moving average is 2.91%, with the 200-day simple moving average coming to 6.82%.

Since the IPO date for Erie Indemnity Company on the 10/02/1995, Erie Indemnity Company has seen performance year to date to be 7.31%. With Erie Indemnity Company trading at 103.04, the dividend yield is 2.85%, and the EPS is 3.57.

So could Erie Indemnity Company, be undervalued? Well as said before P/E is 28.79. The PEG is 2.88, P/S is 3.43 and the P/B is at 5.81. The P/cash is 31.2, with P/free cash flow at *TBA.

Erie Indemnity Company ability to deal with debt shows that the current ratio is 1.4, and the quick ratio is 1.4. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Erie Indemnity Company has a gross margin of *TBA, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Erie Indemnity Company is *TBA. Return on assets come to *TBA with return on investment coming to 18.10%.

Insider ownership for Erie Indemnity Company, is at 0.70% and institutional ownership comes to 30.70%. Outstanding shares are at 51.89. While shares float is 30.38. The float short is currently 0.61%, and short ratio is 5.36.

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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