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Is this Large Market Cap Stock target price reasonable for NetApp, Inc. (NASDAQ:NTAP)?

The company in question is, NetApp, Inc. (NASDAQ:NTAP) currently with a stock price of 34.92 (-0.60% today). The market cap for NetApp, Inc. is 10015.21, and is in the sector Technology, and Data Storage Devices industry. The target price for NetApp, Inc. is 30.15. Currently NetApp, Inc. is trading with a P/E of 31.91, and a forward P/E of 13.22. Average volume for NetApp, Inc. is 3164.1 and so far today it is 380525.

Performance in the last year for NetApp, Inc. has been 14.30%. For EPS growth, NetApp, Inc. has seen a growth of -55.90%, and is looking to grow in the next year to 12.77%. More long term stats show that EPS growth has been -14.70% over the last five years and could be 12.00% for the next five years. NetApp, Inc. has seen sales growth quarter over quarter at -3.10%, with EPS growth quarter over quarter at 330.00%. The 20-day simple moving average is 19.87%, with the 200-day simple moving average coming to 34.70%.

Since the IPO date for NetApp, Inc. on the 11/21/1995, NetApp, Inc. has seen performance year to date to be 35.28%. With NetApp, Inc. trading at 34.92, the dividend yield is 2.16%, and the EPS is 1.1.

So could NetApp, Inc., be undervalued? Well as said before P/E is 31.91. The PEG is 2.66, P/S is 1.82 and the P/B is at 3.51. The P/cash is 2.27, with P/free cash flow at 14.19.

NetApp, Inc. ability to deal with debt shows that the current ratio is 2.1, and the quick ratio is 2. This is with long term debt/equity at 0.53, and total debt/equity at 0.53.

In terms of margins, NetApp, Inc. has a gross margin of 60.90%, an operating margin of 8.50% and a profit margin of 5.90%.Payout ratio for NetApp, Inc. is 65.70%. Return on assets come to 3.60% with return on investment coming to 4.40%.

Insider ownership for NetApp, Inc., is at 0.08% and institutional ownership comes to 96.00%. Outstanding shares are at 285.09. While shares float is 278.38. The float short is currently 5.58%, and short ratio is 4.91.

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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