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

The company in question is, Tallgrass Energy Partners, LP (NYSE:TEP) currently with a stock price of 46.51 (-1.00% today). The market cap for Tallgrass Energy Partners, LP is 3436.12, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Tallgrass Energy Partners, LP is 54.14. Currently Tallgrass Energy Partners, LP is trading with a P/E of 18.69, and a forward P/E of 14.85. Average volume for Tallgrass Energy Partners, LP is 238.67 and so far today it is 72264.

Performance in the last year for Tallgrass Energy Partners, LP has been 12.47%. For EPS growth, Tallgrass Energy Partners, LP has seen a growth of 40.70%, and is looking to grow in the next year to 25.87%. More long term stats show that EPS growth has been 42.50% over the last five years and could be 26.43% for the next five years. Tallgrass Energy Partners, LP has seen sales growth quarter over quarter at 10.50%, with EPS growth quarter over quarter at 128.20%. The 20-day simple moving average is -1.52%, with the 200-day simple moving average coming to 12.88%.

Since the IPO date for Tallgrass Energy Partners, LP on the 5/14/2013, Tallgrass Energy Partners, LP has seen performance year to date to be 20.12%. With Tallgrass Energy Partners, LP trading at 46.51, the dividend yield is 6.77%, and the EPS is 2.51.

So could Tallgrass Energy Partners, LP, be undervalued? Well as said before P/E is 18.69. The PEG is 0.71, P/S is 5.92 and the P/B is at 1.51. The P/cash is 1808.48, with P/free cash flow at 32.23.

Tallgrass Energy Partners, LP ability to deal with debt shows that the current ratio is 0.7, and the quick ratio is 0.6. This is with long term debt/equity at 0.57, and total debt/equity at 0.57.

In terms of margins, Tallgrass Energy Partners, LP has a gross margin of 78.00%, an operating margin of 40.70% and a profit margin of 25.10%.Payout ratio for Tallgrass Energy Partners, LP is 123.10%. Return on assets come to 5.50% with return on investment coming to *TBA.

Insider ownership for Tallgrass Energy Partners, LP, is at 44.18% and institutional ownership comes to 58.50%. Outstanding shares are at 73.14. While shares float is 43.04. The float short is currently 7.41%, and short ratio is 13.36.

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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