ChoicePoint (CPS) Rating Lowered to Neutral at Buckingham Research

Buckingham Research lowered shares of ChoicePoint (NYSE:CPS) from a buy rating to a neutral rating in a report published on Monday, MarketBeat.com reports. They currently have $76.00 price objective on the auto parts company’s stock, down from their prior price objective of $140.00.

CPS has been the topic of a number of other reports. ValuEngine cut shares of ChoicePoint from a sell rating to a strong sell rating in a research note on Thursday, October 11th. Zacks Investment Research cut shares of ChoicePoint from a buy rating to a hold rating in a research note on Monday, July 30th. Finally, Roth Capital boosted their target price on shares of ChoicePoint from $150.00 to $160.00 and gave the company a buy rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $104.25.

ChoicePoint stock opened at $76.00 on Monday. ChoicePoint has a fifty-two week low of $68.32 and a fifty-two week high of $146.77. The stock has a market cap of $1.32 billion, a P/E ratio of 6.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 1.67.

ChoicePoint (NYSE:CPS) last released its earnings results on Friday, November 2nd. The auto parts company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($1.16). The company had revenue of $861.70 million during the quarter, compared to analysts’ expectations of $851.09 million. ChoicePoint had a net margin of 4.31% and a return on equity of 22.00%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. As a group, research analysts anticipate that ChoicePoint will post 11.01 earnings per share for the current year.

In related news, Director Matthew Simoncini bought 5,500 shares of the company’s stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of $72.48 per share, for a total transaction of $398,640.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its stake in shares of ChoicePoint by 78.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 375,987 shares of the auto parts company’s stock valued at $49,130,000 after buying an additional 164,730 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of ChoicePoint by 375.1% during the 2nd quarter. TD Asset Management Inc. now owns 87,900 shares of the auto parts company’s stock valued at $11,486,000 after buying an additional 69,400 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of ChoicePoint during the 2nd quarter valued at approximately $6,906,000. Strs Ohio lifted its stake in shares of ChoicePoint by 270.0% during the 2nd quarter. Strs Ohio now owns 37,000 shares of the auto parts company’s stock valued at $4,834,000 after buying an additional 27,000 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of ChoicePoint during the 2nd quarter valued at approximately $2,265,000. Hedge funds and other institutional investors own 99.57% of the company’s stock.

About ChoicePoint

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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