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Is this Large Market Cap Stock target price reasonable for ITC Holdings Corp. (NYSE:ITC)?

The company in question is, ITC Holdings Corp. (NYSE:ITC) currently with a stock price of 45.5 (0.00% today). The market cap for ITC Holdings Corp. is 7052.5, and is in the sector Utilities, and Electric Utilities industry. The target price for ITC Holdings Corp. is 45.75. Currently ITC Holdings Corp. is trading with a P/E of 29.56, and a forward P/E of 20.79. Average volume for ITC Holdings Corp. is 1344.68 and so far today it is 0.

Performance in the last year for ITC Holdings Corp. has been 40.18%. For EPS growth, ITC Holdings Corp. has seen a growth of 0.80%, and is looking to grow in the next year to 2.72%. More long term stats show that EPS growth has been 10.40% over the last five years and could be 12.71% for the next five years. ITC Holdings Corp. has seen sales growth quarter over quarter at -45.60%, with EPS growth quarter over quarter at -48.40%. The 20-day simple moving average is -1.05%, with the 200-day simple moving average coming to 4.49%.

Since the IPO date for ITC Holdings Corp. on the 7/26/2005, ITC Holdings Corp. has seen performance year to date to be 17.50%. With ITC Holdings Corp. trading at 45.5, the dividend yield is 1.89%, and the EPS is 1.54.

So could ITC Holdings Corp., be undervalued? Well as said before P/E is 29.56. The PEG is 2.33, P/S is 6.56 and the P/B is at 3.85. The P/cash is 1156.15, with P/free cash flow at *TBA.

ITC Holdings Corp. ability to deal with debt shows that the current ratio is 0.5, and the quick ratio is 0.4. This is with long term debt/equity at 2.31, and total debt/equity at 2.56.

In terms of margins, ITC Holdings Corp. has a gross margin of *TBA, an operating margin of 52.10% and a profit margin of 22.00%.Payout ratio for ITC Holdings Corp. is 48.40%. Return on assets come to 3.10% with return on investment coming to 6.80%.

Insider ownership for ITC Holdings Corp., is at 1.70% and institutional ownership comes to 86.20%. Outstanding shares are at 155. While shares float is 150.73. The float short is currently 0.97%, and short ratio is 1.09.

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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