ChoicePoint (CPS) Upgraded to “Buy” at Buckingham Research

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ChoicePoint (NYSE:CPS) was upgraded by equities research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded ChoicePoint from a “strong sell” rating to a “hold” rating in a research note on Monday, January 7th. ValuEngine cut ChoicePoint from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Bank of America restated an “underperform” rating and set a $77.00 price target (down from $90.00) on shares of ChoicePoint in a research note on Monday, November 5th. Finally, Roth Capital set a $130.00 price target on ChoicePoint and gave the stock a “buy” rating in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $104.25.

Shares of ChoicePoint stock opened at $68.90 on Monday. The company has a market capitalization of $1.24 billion, a P/E ratio of 6.22 and a beta of 1.14. ChoicePoint has a fifty-two week low of $56.68 and a fifty-two week high of $146.77. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.80.

ChoicePoint (NYSE:CPS) last released its quarterly earnings results on Friday, November 2nd. The auto parts company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.16). ChoicePoint had a return on equity of 22.00% and a net margin of 4.31%. The firm had revenue of $861.70 million for the quarter, compared to analyst estimates of $851.09 million. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that ChoicePoint will post 9.38 EPS for the current year.

In related news, Director Matthew Simoncini acquired 5,500 shares of ChoicePoint stock in a transaction dated Monday, November 5th. The shares were acquired at an average cost of $72.48 per share, for a total transaction of $398,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jeffrey S. Edwards acquired 13,200 shares of ChoicePoint stock in a transaction dated Wednesday, November 7th. The stock was bought at an average price of $74.12 per share, for a total transaction of $978,384.00. Following the completion of the purchase, the chairman now owns 100,676 shares of the company’s stock, valued at approximately $7,462,105.12. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CPS. First Hawaiian Bank acquired a new stake in shares of ChoicePoint in the third quarter valued at $196,000. Commonwealth Bank of Australia acquired a new stake in shares of ChoicePoint in the third quarter valued at $251,000. Meeder Asset Management Inc. raised its stake in shares of ChoicePoint by 255.4% in the third quarter. Meeder Asset Management Inc. now owns 2,577 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 1,852 shares in the last quarter. Affinity Investment Advisors LLC raised its stake in shares of ChoicePoint by 88.9% in the third quarter. Affinity Investment Advisors LLC now owns 2,947 shares of the auto parts company’s stock valued at $354,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of ChoicePoint by 31.9% in the third quarter. Wedge Capital Management L L P NC now owns 2,976 shares of the auto parts company’s stock valued at $357,000 after acquiring an additional 720 shares in the last quarter. Institutional investors and hedge funds own 95.87% 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.

Further Reading: What is Net Asset Value (NAV)?

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