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Is this Large Market Cap Stock target price reasonable for Spectra Energy Partners, LP (NYSE:SEP)?

The company in question is, Spectra Energy Partners, LP (NYSE:SEP) currently with a stock price of 45.86 (-0.20% today). The market cap for Spectra Energy Partners, LP is 14290.43, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Spectra Energy Partners, LP is 54. Currently Spectra Energy Partners, LP is trading with a P/E of 14.45, and a forward P/E of 12.51. Average volume for Spectra Energy Partners, LP is 489.25 and so far today it is 327400.

Performance in the last year for Spectra Energy Partners, LP has been -2.11%. For EPS growth, Spectra Energy Partners, LP has seen a growth of 16.20%, and is looking to grow in the next year to 13.63%. More long term stats show that EPS growth has been 14.20% over the last five years and could be 5.25% for the next five years. Spectra Energy Partners, LP has seen sales growth quarter over quarter at 2.50%, with EPS growth quarter over quarter at -14.80%. The 20-day simple moving average is -1.67%, with the 200-day simple moving average coming to 3.13%.

Since the IPO date for Spectra Energy Partners, LP on the 7/26/2007, Spectra Energy Partners, LP has seen performance year to date to be 0.35%. With Spectra Energy Partners, LP trading at 45.86, the dividend yield is 5.80%, and the EPS is 3.17.

So could Spectra Energy Partners, LP, be undervalued? Well as said before P/E is 14.45. The PEG is 2.75, P/S is 5.74 and the P/B is at 1.2. The P/cash is 83.57, with P/free cash flow at *TBA.

Spectra Energy Partners, LP ability to deal with debt shows that the current ratio is 0.4, and the quick ratio is 0.4. This is with long term debt/equity at 0.52, and total debt/equity at 0.58.

In terms of margins, Spectra Energy Partners, LP has a gross margin of 69.50%, an operating margin of 51.00% and a profit margin of 37.50%.Payout ratio for Spectra Energy Partners, LP is 79.70%. Return on assets come to 4.80% with return on investment coming to 7.40%.

Insider ownership for Spectra Energy Partners, LP, is at 81.04% and institutional ownership comes to 19.30%. Outstanding shares are at 311.61. While shares float is 88.56. The float short is currently 1.93%, and short ratio is 3.49.

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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