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Is this Large Market Cap Stock target price reasonable for Meredith Corporation (NYSE:MDP)?

The company in question is, Meredith Corporation (NYSE:MDP) currently with a stock price of 48.76 (-0.93% today). The market cap for Meredith Corporation is 2205.55, and is in the sector Services, and Publishing – Periodicals industry. The target price for Meredith Corporation is 55.5. Currently Meredith Corporation is trading with a P/E of 68.84, and a forward P/E of 14.81. Average volume for Meredith Corporation is 295.68 and so far today it is 103338.

Performance in the last year for Meredith Corporation has been 17.30%. For EPS growth, Meredith Corporation has seen a growth of -75.20%, and is looking to grow in the next year to -9.63%. More long term stats show that EPS growth has been -23.60% over the last five years and could be 5.00% for the next five years. Meredith Corporation has seen sales growth quarter over quarter at 2.30%, with EPS growth quarter over quarter at -316.30%. The 20-day simple moving average is -6.48%, with the 200-day simple moving average coming to 1.76%.

Since the IPO date for Meredith Corporation on the 07/01/1985, Meredith Corporation has seen performance year to date to be 17.37%. With Meredith Corporation trading at 48.76, the dividend yield is 4.02%, and the EPS is 0.72.

So could Meredith Corporation, be undervalued? Well as said before P/E is 68.84. The PEG is 13.77, P/S is 1.34 and the P/B is at 2.47. The P/cash is 88.22, with P/free cash flow at 19.1.

Meredith Corporation ability to deal with debt shows that the current ratio is 1, and the quick ratio is 1. This is with long term debt/equity at 0.7, and total debt/equity at 0.78.

In terms of margins, Meredith Corporation has a gross margin of 62.90%, an operating margin of 7.90% and a profit margin of 2.10%.Payout ratio for Meredith Corporation is 251.50%. Return on assets come to 1.20% with return on investment coming to 3.40%.

Insider ownership for Meredith Corporation, is at 0.30% and institutional ownership comes to 96.80%. Outstanding shares are at 44.81. While shares float is 38.65. The float short is currently 9.39%, and short ratio is 12.27.

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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Peter Clarke

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