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Is this Large Market Cap Stock target price reasonable for Cognex Corporation (NASDAQ:CGNX)?

The company in question is, Cognex Corporation (NASDAQ:CGNX) currently with a stock price of 51.55 (-0.48% today). The market cap for Cognex Corporation is 4412.84, and is in the sector Technology, and Scientific & Technical Instruments industry. The target price for Cognex Corporation is 54.09. Currently Cognex Corporation is trading with a P/E of 43.9, and a forward P/E of 31.6. Average volume for Cognex Corporation is 372.04 and so far today it is 75838.

Performance in the last year for Cognex Corporation has been 48.53%. For EPS growth, Cognex Corporation has seen a growth of -1.70%, and is looking to grow in the next year to 18.17%. More long term stats show that EPS growth has been 9.90% over the last five years and could be 15.00% for the next five years. Cognex Corporation has seen sales growth quarter over quarter at 2.40%, with EPS growth quarter over quarter at 1.60%. The 20-day simple moving average is 2.21%, with the 200-day simple moving average coming to 24.31%.

Since the IPO date for Cognex Corporation on the 10/09/1989, Cognex Corporation has seen performance year to date to be 54.17%. With Cognex Corporation trading at 51.55, the dividend yield is 0.58%, and the EPS is 1.18.

So could Cognex Corporation, be undervalued? Well as said before P/E is 43.9. The PEG is 2.93, P/S is 9.83 and the P/B is at 4.97. The P/cash is 12.63, with P/free cash flow at 34.26.

Cognex Corporation ability to deal with debt shows that the current ratio is 7, and the quick ratio is 6.6. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Cognex Corporation has a gross margin of 76.40%, an operating margin of 25.30% and a profit margin of 40.20%.Payout ratio for Cognex Corporation is 13.50%. Return on assets come to 19.80% with return on investment coming to 12.40%.

Insider ownership for Cognex Corporation, is at 4.82% and institutional ownership comes to 94.70%. Outstanding shares are at 85.19. While shares float is 80.9. The float short is currently 4.30%, and short ratio is 9.35.

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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