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Is this Large Market Cap Stock target price reasonable for Spectra Energy Corp. (NYSE:SE)?

The company in question is, Spectra Energy Corp. (NYSE:SE) currently with a stock price of 36.54 (1.18% today). The market cap for Spectra Energy Corp. is 25170.58, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Spectra Energy Corp. is 36.25. Currently Spectra Energy Corp. is trading with a P/E of 84.79, and a forward P/E of 24.16. Average volume for Spectra Energy Corp. is 4052.06 and so far today it is 1946616.

Performance in the last year for Spectra Energy Corp. has been 29.10%. For EPS growth, Spectra Energy Corp. has seen a growth of -81.90%, and is looking to grow in the next year to 24.90%. More long term stats show that EPS growth has been -28.90% over the last five years and could be 6.50% for the next five years. Spectra Energy Corp. has seen sales growth quarter over quarter at -2.80%, with EPS growth quarter over quarter at 693.40%. The 20-day simple moving average is 3.44%, with the 200-day simple moving average coming to 24.09%.

Since the IPO date for Spectra Energy Corp. on the 1/3/2007, Spectra Energy Corp. has seen performance year to date to be 56.75%. With Spectra Energy Corp. trading at 36.54, the dividend yield is 4.49%, and the EPS is 0.43.

So could Spectra Energy Corp., be undervalued? Well as said before P/E is 84.79. The PEG is 13.04, P/S is 5.07 and the P/B is at 3.32. The P/cash is 102.32, with P/free cash flow at *TBA.

Spectra Energy Corp. ability to deal with debt shows that the current ratio is 0.6, and the quick ratio is 0.5. This is with long term debt/equity at 1.79, and total debt/equity at 1.94.

In terms of margins, Spectra Energy Corp. has a gross margin of 87.20%, an operating margin of 27.20% and a profit margin of 5.90%.Payout ratio for Spectra Energy Corp. is 362.40%. Return on assets come to 0.90% with return on investment coming to 6.00%.

Insider ownership for Spectra Energy Corp., is at 0.20% and institutional ownership comes to 70.20%. Outstanding shares are at 696.86. While shares float is 696.86. The float short is currently 3.48%, and short ratio is 5.98.

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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