ChoicePoint Inc. (CPS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ChoicePoint Inc. (NYSE:CPS) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $123.00.

Several research firms have weighed in on CPS. Zacks Investment Research cut ChoicePoint from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. ValuEngine upgraded ChoicePoint from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Roth Capital upped their target price on ChoicePoint from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd.

Shares of CPS stock traded up $1.00 during trading on Wednesday, hitting $120.87. The company had a trading volume of 129,900 shares, compared to its average volume of 118,413. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.16 billion, a P/E ratio of 10.99 and a beta of 0.72. ChoicePoint has a one year low of $105.00 and a one year high of $146.77.

ChoicePoint (NYSE:CPS) last issued its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($0.25). The company had revenue of $928.26 million during the quarter, compared to the consensus estimate of $903.17 million. ChoicePoint had a net margin of 4.10% and a return on equity of 24.74%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 earnings per share. analysts forecast that ChoicePoint will post 12.23 EPS for the current year.

ChoicePoint announced that its board has authorized a stock repurchase program on Wednesday, June 20th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the auto parts company to repurchase up to 5.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In other ChoicePoint news, insider Miguel Posada Juan Fernando De sold 2,100 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $144.00, for a total transaction of $302,400.00. Following the completion of the sale, the insider now directly owns 7,931 shares in the company, valued at $1,142,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Song Min Lee sold 7,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $140.00, for a total value of $980,000.00. Following the sale, the senior vice president now owns 10,489 shares of the company’s stock, valued at $1,468,460. The disclosure for this sale can be found here. Insiders have sold 23,600 shares of company stock valued at $3,321,245 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ChoicePoint by 37.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,329 shares of the auto parts company’s stock worth $174,000 after buying an additional 362 shares in the last quarter. Affinity Investment Advisors LLC acquired a new position in shares of ChoicePoint during the second quarter worth $204,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of ChoicePoint during the first quarter worth $192,000. Virginia Retirement Systems ET AL acquired a new position in shares of ChoicePoint during the second quarter worth $287,000. Finally, Koch Industries Inc. acquired a new position in shares of ChoicePoint during the first quarter worth $275,000. Institutional investors own 98.84% 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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Analyst Recommendations for ChoicePoint (NYSE:CPS)

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