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Is this Large Market Cap Stock target price reasonable for Fresh Del Monte Produce Inc. (NYSE:FDP)?

The company in question is, Fresh Del Monte Produce Inc. (NYSE:FDP) currently with a stock price of 61.44 (-0.11% today). The market cap for Fresh Del Monte Produce Inc. is 3192.98, and is in the sector Consumer Goods, and Farm Products industry. The target price for Fresh Del Monte Produce Inc. is 70. Currently Fresh Del Monte Produce Inc. is trading with a P/E of 23.89, and a forward P/E of 16.19. Average volume for Fresh Del Monte Produce Inc. is 213.1 and so far today it is 66475.

Performance in the last year for Fresh Del Monte Produce Inc. has been 52.52%. For EPS growth, Fresh Del Monte Produce Inc. has seen a growth of -53.60%, and is looking to grow in the next year to -9.95%. More long term stats show that EPS growth has been 2.70% over the last five years and could be 7.00% for the next five years. Fresh Del Monte Produce Inc. has seen sales growth quarter over quarter at -4.00%, with EPS growth quarter over quarter at 53.30%. The 20-day simple moving average is 3.69%, with the 200-day simple moving average coming to 24.07%.

Since the IPO date for Fresh Del Monte Produce Inc. on the 10/24/1997, Fresh Del Monte Produce Inc. has seen performance year to date to be 59.49%. With Fresh Del Monte Produce Inc. trading at 61.44, the dividend yield is 0.98%, and the EPS is 2.58.

So could Fresh Del Monte Produce Inc., be undervalued? Well as said before P/E is 23.89. The PEG is 3.41, P/S is 0.79 and the P/B is at 1.76. The P/cash is 74.6, with P/free cash flow at 21.53.

Fresh Del Monte Produce Inc. ability to deal with debt shows that the current ratio is 2.6, and the quick ratio is 1.4. This is with long term debt/equity at 0.11, and total debt/equity at 0.11.

In terms of margins, Fresh Del Monte Produce Inc. has a gross margin of 10.30%, an operating margin of 3.90% and a profit margin of 3.30%.Payout ratio for Fresh Del Monte Produce Inc. is 19.10%. Return on assets come to 5.10% with return on investment coming to 3.90%.

Insider ownership for Fresh Del Monte Produce Inc., is at 17.20% and institutional ownership comes to 66.40%. Outstanding shares are at 51.91. While shares float is 32.34. The float short is currently 2.82%, and short ratio is 4.28.

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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