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Is this Large Market Cap Stock target price reasonable for Tallgrass Energy GP, LP (NYSE:TEGP)?

The company in question is, Tallgrass Energy GP, LP (NYSE:TEGP) currently with a stock price of 23.99 (-0.23% today). The market cap for Tallgrass Energy GP, LP is 3834.53, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Tallgrass Energy GP, LP is 26.67. Currently Tallgrass Energy GP, LP is trading with a P/E of 34.65, and a forward P/E of 23.58. Average volume for Tallgrass Energy GP, LP is 168.68 and so far today it is 203344.

Performance in the last year for Tallgrass Energy GP, LP has been 2.61%. For EPS growth, Tallgrass Energy GP, LP has seen a growth of 863.00%, and is looking to grow in the next year to 124.67%. More long term stats show that EPS growth has been *TBA over the last five years and could be *TBA for the next five years. Tallgrass Energy GP, LP has seen sales growth quarter over quarter at 10.50%, with EPS growth quarter over quarter at -27.20%. The 20-day simple moving average is -0.39%, with the 200-day simple moving average coming to 18.82%.

Since the IPO date for Tallgrass Energy GP, LP on the 05/07/2015, Tallgrass Energy GP, LP has seen performance year to date to be 55.60%. With Tallgrass Energy GP, LP trading at 23.99, the dividend yield is 4.37%, and the EPS is 0.69.

So could Tallgrass Energy GP, LP, be undervalued? Well as said before P/E is 34.65. The PEG is *TBA, P/S is 6.6 and the P/B is at 6.06. The P/cash is 1474.82, with P/free cash flow at 14.59.

Tallgrass Energy GP, LP ability to deal with debt shows that the current ratio is 0.8, and the quick ratio is 0.6. This is with long term debt/equity at 7.53, and total debt/equity at 7.53.

In terms of margins, Tallgrass Energy GP, LP has a gross margin of 73.90%, an operating margin of 40.40% and a profit margin of 5.70%.Payout ratio for Tallgrass Energy GP, LP is 0.00%. Return on assets come to 1.10% with return on investment coming to 15.40%.

Insider ownership for Tallgrass Energy GP, LP, is at 0.10% and institutional ownership comes to *TBA. Outstanding shares are at 159.44. While shares float is 46.81. The float short is currently 4.88%, and short ratio is 13.53.

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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