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Is this Large Market Cap Stock target price reasonable for Boardwalk Pipeline Partners, LP (NYSE:BWP)?

The company in question is, Boardwalk Pipeline Partners, LP (NYSE:BWP) currently with a stock price of 16.93 (1.38% today). The market cap for Boardwalk Pipeline Partners, LP is 4204.89, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Boardwalk Pipeline Partners, LP is 19.73. Currently Boardwalk Pipeline Partners, LP is trading with a P/E of 15.7, and a forward P/E of 13.28. Average volume for Boardwalk Pipeline Partners, LP is 569.17 and so far today it is 339027.

Performance in the last year for Boardwalk Pipeline Partners, LP has been 34.31%. For EPS growth, Boardwalk Pipeline Partners, LP has seen a growth of -7.10%, and is looking to grow in the next year to 8.82%. More long term stats show that EPS growth has been -8.60% over the last five years and could be 11.94% for the next five years. Boardwalk Pipeline Partners, LP has seen sales growth quarter over quarter at 2.60%, with EPS growth quarter over quarter at 62.60%. The 20-day simple moving average is 0.94%, with the 200-day simple moving average coming to 11.62%.

Since the IPO date for Boardwalk Pipeline Partners, LP on the 11/10/2005, Boardwalk Pipeline Partners, LP has seen performance year to date to be 31.45%. With Boardwalk Pipeline Partners, LP trading at 16.93, the dividend yield is 2.40%, and the EPS is 1.06.

So could Boardwalk Pipeline Partners, LP, be undervalued? Well as said before P/E is 15.7. The PEG is 1.31, P/S is 3.31 and the P/B is at 0.96. The P/cash is 25.99, with P/free cash flow at *TBA.

Boardwalk Pipeline Partners, LP ability to deal with debt shows that the current ratio is 1, and the quick ratio is 1. This is with long term debt/equity at 0.83, and total debt/equity at 0.83.

In terms of margins, Boardwalk Pipeline Partners, LP has a gross margin of *TBA, an operating margin of 34.40% and a profit margin of 20.90%.Payout ratio for Boardwalk Pipeline Partners, LP is 37.60%. Return on assets come to 3.20% with return on investment coming to 5.10%.

Insider ownership for Boardwalk Pipeline Partners, LP, is at 50.26% and institutional ownership comes to 42.30%. Outstanding shares are at 251.79. While shares float is 124.46. The float short is currently 3.55%, and short ratio is 7.76.

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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Mark Hines

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