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Is this Large Market Cap Stock target price reasonable for Globus Medical, Inc. (NYSE:GMED)?

The company in question is, Globus Medical, Inc. (NYSE:GMED) currently with a stock price of 23.01 (0.48% today). The market cap for Globus Medical, Inc. is 2159.93, and is in the sector Healthcare, and Medical Appliances & Equipment industry. The target price for Globus Medical, Inc. is 27. Currently Globus Medical, Inc. is trading with a P/E of 18.69, and a forward P/E of 17.63. Average volume for Globus Medical, Inc. is 761.17 and so far today it is 290292.

Performance in the last year for Globus Medical, Inc. has been 0.75%. For EPS growth, Globus Medical, Inc. has seen a growth of 21.20%, and is looking to grow in the next year to 8.70%. More long term stats show that EPS growth has been 14.50% over the last five years and could be 11.50% for the next five years. Globus Medical, Inc. has seen sales growth quarter over quarter at 2.90%, with EPS growth quarter over quarter at 6.90%. The 20-day simple moving average is 0.38%, with the 200-day simple moving average coming to -3.97%.

Since the IPO date for Globus Medical, Inc. on the 08/03/2012, Globus Medical, Inc. has seen performance year to date to be -17.69%. With Globus Medical, Inc. trading at 23.01, the dividend yield is *TBA, and the EPS is 1.23.

So could Globus Medical, Inc., be undervalued? Well as said before P/E is 18.69. The PEG is 1.63, P/S is 3.88 and the P/B is at 2.81. The P/cash is 6.66, with P/free cash flow at 20.3.

Globus Medical, Inc. ability to deal with debt shows that the current ratio is 7.6, and the quick ratio is 6.1. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Globus Medical, Inc. has a gross margin of 76.20%, an operating margin of 31.90% and a profit margin of 21.20%.Payout ratio for Globus Medical, Inc. is 0.00%. Return on assets come to 14.10% with return on investment coming to 15.70%.

Insider ownership for Globus Medical, Inc., is at 0.10% and institutional ownership comes to 76.50%. Outstanding shares are at 94.32. While shares float is 69.24. The float short is currently 10.96%, and short ratio is 9.97.

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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Stephen Butters

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