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Is this Large Market Cap Stock target price reasonable for PerkinElmer Inc. (NYSE:PKI)?

The company in question is, PerkinElmer Inc. (NYSE:PKI) currently with a stock price of 51.95 (-0.21% today). The market cap for PerkinElmer Inc. is 5770.33, and is in the sector Healthcare, and Medical Laboratories & Research industry. The target price for PerkinElmer Inc. is 24.19. Currently PerkinElmer Inc. is trading with a P/E of 25.06, and a forward P/E of 16.94. Average volume for PerkinElmer Inc. is 517.81 and so far today it is 238170.

Performance in the last year for PerkinElmer Inc. has been 10.99%. For EPS growth, PerkinElmer Inc. has seen a growth of 32.50%, and is looking to grow in the next year to 9.90%. More long term stats show that EPS growth has been 9.80% over the last five years and could be 10.58% for the next five years. PerkinElmer Inc. has seen sales growth quarter over quarter at 1.60%, with EPS growth quarter over quarter at 29.50%. The 20-day simple moving average is -4.53%, with the 200-day simple moving average coming to 0.43%.

Since the IPO date for PerkinElmer Inc. on the 04/06/1983, PerkinElmer Inc. has seen performance year to date to be -2.29%. With PerkinElmer Inc. trading at 51.95, the dividend yield is 0.54%, and the EPS is 2.08.

So could PerkinElmer Inc., be undervalued? Well as said before P/E is 25.06. The PEG is 2.37, P/S is 2.53 and the P/B is at 2.72. The P/cash is 23.26, with P/free cash flow at 23.35.

PerkinElmer Inc. ability to deal with debt shows that the current ratio is 1.9, and the quick ratio is 1.4. This is with long term debt/equity at 0.51, and total debt/equity at 0.51.

In terms of margins, PerkinElmer Inc. has a gross margin of 46.10%, an operating margin of 13.20% and a profit margin of 10.30%.Payout ratio for PerkinElmer Inc. is 13.20%. Return on assets come to 5.60% with return on investment coming to 8.20%.

Insider ownership for PerkinElmer Inc., is at 0.90% and institutional ownership comes to 92.90%. Outstanding shares are at 110.84. While shares float is 108.41. The float short is currently 2.83%, and short ratio is 5.92.

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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