ChoicePoint Inc. (NYSE:CPS) – Analysts at Seaport Global Securities cut their Q1 2019 earnings estimates for shares of ChoicePoint in a note issued to investors on Monday, February 18th. Seaport Global Securities analyst M. Ward now forecasts that the auto parts company will post earnings of $1.37 per share for the quarter, down from their previous forecast of $1.91. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for ChoicePoint’s Q2 2019 earnings at $1.54 EPS, FY2019 earnings at $6.85 EPS, Q1 2020 earnings at $1.73 EPS and Q3 2020 earnings at $2.16 EPS.
Get ChoicePoint alerts:ChoicePoint (NYSE:CPS) last announced its earnings results on Thursday, February 14th. The auto parts company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.40). ChoicePoint had a return on equity of 17.95% and a net margin of 2.97%. The firm had revenue of $871.99 million for the quarter, compared to the consensus estimate of $894.65 million.
A number of other equities analysts also recently weighed in on CPS. ValuEngine downgraded shares of ChoicePoint from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. Bank of America reaffirmed an “underperform” rating and issued a $40.00 price target (down from $63.00) on shares of ChoicePoint in a research note on Wednesday. Zacks Investment Research raised shares of ChoicePoint from a “strong sell” rating to a “hold” rating in a research note on Monday, January 7th. Roth Capital decreased their price target on shares of ChoicePoint from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Finally, Buckingham Research downgraded shares of ChoicePoint from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $76.00 in a research note on Monday, November 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.50.
Shares of NYSE CPS opened at $62.01 on Thursday. ChoicePoint has a twelve month low of $56.68 and a twelve month high of $146.77. The firm has a market cap of $1.10 billion, a P/E ratio of 7.05 and a beta of 1.46. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 0.85.
A number of institutional investors and hedge funds have recently bought and sold shares of CPS. SG Americas Securities LLC increased its stake in ChoicePoint by 1,300.4% in the fourth quarter. SG Americas Securities LLC now owns 45,388 shares of the auto parts company’s stock valued at $2,820,000 after purchasing an additional 42,147 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in ChoicePoint in the third quarter valued at $3,803,000. Seizert Capital Partners LLC grew its holdings in shares of ChoicePoint by 59.8% during the fourth quarter. Seizert Capital Partners LLC now owns 44,703 shares of the auto parts company’s stock valued at $2,777,000 after buying an additional 16,720 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of ChoicePoint by 22.0% during the fourth quarter. Rhumbline Advisers now owns 50,222 shares of the auto parts company’s stock valued at $3,120,000 after buying an additional 9,061 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of ChoicePoint by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,809 shares of the auto parts company’s stock valued at $361,000 after buying an additional 4,537 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.
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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