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Is this Large Market Cap Stock target price reasonable for Fleetmatics Group PLC (NYSE:FLTX)?

The company in question is, Fleetmatics Group PLC (NYSE:FLTX) currently with a stock price of 59.86 (0.02% today). The market cap for Fleetmatics Group PLC is 2346.12, and is in the sector Technology, and Application Software industry. The target price for Fleetmatics Group PLC is 57.67. Currently Fleetmatics Group PLC is trading with a P/E of 77.83, and a forward P/E of 28.3. Average volume for Fleetmatics Group PLC is 926.06 and so far today it is 141652.

Performance in the last year for Fleetmatics Group PLC has been 12.20%. For EPS growth, Fleetmatics Group PLC has seen a growth of 38.40%, and is looking to grow in the next year to 19.97%. More long term stats show that EPS growth has been 31.50% over the last five years and could be 19.10% for the next five years. Fleetmatics Group PLC has seen sales growth quarter over quarter at 18.20%, with EPS growth quarter over quarter at -38.70%. The 20-day simple moving average is 0.10%, with the 200-day simple moving average coming to 29.90%.

Since the IPO date for Fleetmatics Group PLC on the 10/09/2012, Fleetmatics Group PLC has seen performance year to date to be 17.84%. With Fleetmatics Group PLC trading at 59.86, the dividend yield is *TBA, and the EPS is 0.77.

So could Fleetmatics Group PLC, be undervalued? Well as said before P/E is 77.83. The PEG is 4.07, P/S is 7.55 and the P/B is at 7.23. The P/cash is 12.08, with P/free cash flow at 42.81.

Fleetmatics Group PLC ability to deal with debt shows that the current ratio is 4, and the quick ratio is 4. This is with long term debt/equity at 0.08, and total debt/equity at 0.09.

In terms of margins, Fleetmatics Group PLC has a gross margin of 74.00%, an operating margin of 10.40% and a profit margin of 9.80%.Payout ratio for Fleetmatics Group PLC is 0.00%. Return on assets come to 7.50% with return on investment coming to 11.00%.

Insider ownership for Fleetmatics Group PLC, is at 0.60% and institutional ownership comes to *TBA. Outstanding shares are at 39.2. While shares float is 38.31. The float short is currently 1.75%, and short ratio is 0.72.

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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