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ChoicePoint Inc. (NYSE:CPS) – Stock analysts at Seaport Global Securities upped their Q3 2019 EPS estimates for shares of ChoicePoint in a report issued on Monday, February 18th. Seaport Global Securities analyst M. Ward now forecasts that the auto parts company will post earnings per share of $1.73 for the quarter, up from their prior estimate of $1.57. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for ChoicePoint’s Q4 2019 earnings at $2.23 EPS, Q2 2020 earnings at $2.09 EPS, Q4 2020 earnings at $2.54 EPS and FY2020 earnings at $8.50 EPS. Get ChoicePoint alerts:
Several other equities research analysts also recently issued reports on CPS. Roth Capital set a $130.00 price objective on ChoicePoint and gave the company a “buy” rating in a report on Thursday, November 1st. Buckingham Research downgraded ChoicePoint from a “buy” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $76.00 in a report on Monday, November 5th. Bank of America reiterated an “underperform” rating and issued a $77.00 price objective (down previously from $90.00) on shares of ChoicePoint in a report on Monday, November 5th. ValuEngine downgraded ChoicePoint from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. Finally, Zacks Investment Research upgraded ChoicePoint from a “strong sell” rating to a “hold” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.50. CPS stock opened at $62.95 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.10 billion, a P/E ratio of 7.16 and a beta of 1.46. ChoicePoint has a 12-month low of $56.68 and a 12-month high of $146.77.
ChoicePoint (NYSE:CPS) last posted its earnings results on Thursday, February 14th. The auto parts company reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.40). The business had revenue of $871.99 million during the quarter, compared to analysts’ expectations of $894.65 million. ChoicePoint had a net margin of 2.97% and a return on equity of 17.71%.
Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY grew its stake in ChoicePoint by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,809 shares of the auto parts company’s stock worth $361,000 after purchasing an additional 4,537 shares in the last quarter. Commonwealth Bank of Australia grew its stake in ChoicePoint by 28.6% during the 4th quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after purchasing an additional 600 shares in the last quarter. Seizert Capital Partners LLC grew its stake in ChoicePoint by 59.8% during the 4th quarter. Seizert Capital Partners LLC now owns 44,703 shares of the auto parts company’s stock worth $2,777,000 after purchasing an additional 16,720 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in ChoicePoint during the 4th quarter worth $154,000. Finally, Canada Pension Plan Investment Board grew its stake in ChoicePoint by 15.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 36,700 shares of the auto parts company’s stock worth $2,280,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.
ChoicePoint Company Profile
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.
