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Is this Large Market Cap Stock target price reasonable for Westpac Banking Corporation (NYSE:WBK)?

The company in question is, Westpac Banking Corporation (NYSE:WBK) currently with a stock price of 23.27 (0.09% today). The market cap for Westpac Banking Corporation is 79074.65, and is in the sector Financial, and Foreign Money Center Banks industry. The target price for Westpac Banking Corporation is 25.69. Currently Westpac Banking Corporation is trading with a P/E of 12.57, and a forward P/E of 12.51. Average volume for Westpac Banking Corporation is 171.24 and so far today it is 53132.

Performance in the last year for Westpac Banking Corporation has been -8.36%. For EPS growth, Westpac Banking Corporation has seen a growth of 4.50%, and is looking to grow in the next year to 4.15%. More long term stats show that EPS growth has been 3.70% over the last five years and could be 3.20% for the next five years. Westpac Banking Corporation has seen sales growth quarter over quarter at 0.90%, with EPS growth quarter over quarter at -4.10%. The 20-day simple moving average is 4.49%, with the 200-day simple moving average coming to 3.45%.

Since the IPO date for Westpac Banking Corporation on the 6/30/1989, Westpac Banking Corporation has seen performance year to date to be -4.04%. With Westpac Banking Corporation trading at 23.27, the dividend yield is 6.02%, and the EPS is 1.85.

So could Westpac Banking Corporation, be undervalued? Well as said before P/E is 12.57. The PEG is 3.93, P/S is 3.27 and the P/B is at 1.76. The P/cash is 1.03, with P/free cash flow at 11.18.

Westpac Banking Corporation ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 3.11, and total debt/equity at 3.24.

In terms of margins, Westpac Banking Corporation has a gross margin of *TBA, an operating margin of 43.10% and a profit margin of 25.50%.Payout ratio for Westpac Banking Corporation is 74.70%. Return on assets come to 1.00% with return on investment coming to 5.00%.

Insider ownership for Westpac Banking Corporation, is at 0.10% and institutional ownership comes to 0.50%. Outstanding shares are at 3401.06. While shares float is 3111.21. The float short is currently 0.02%, and short ratio is 3.27.

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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