ChoicePoint (NYSE:CPS) had its target price reduced by stock analysts at Roth Capital from $90.00 to $85.00 in a report released on Thursday, The Fly reports. The firm currently has a “buy” rating on the auto parts company’s stock. Roth Capital’s target price would suggest a potential upside of 31.66% from the stock’s previous close.

Several other research firms have also recently issued reports on CPS. Bank of America reiterated an “underperform” rating and set a $77.00 target price (down previously from $90.00) on shares of ChoicePoint in a research report on Monday, November 5th. Seaport Global Securities began coverage on ChoicePoint in a research report on Wednesday. They set a “neutral” rating on the stock. Buckingham Research cut ChoicePoint from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $76.00 in a research report on Monday, November 5th. Zacks Investment Research upgraded ChoicePoint from a “strong sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, ValuEngine cut ChoicePoint from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $94.75.

NYSE CPS opened at $64.56 on Thursday. 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 has a 12-month low of $56.68 and a 12-month high of $146.77. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 5.83 and a beta of 1.46.

ChoicePoint (NYSE:CPS) last released its earnings results on Thursday, February 14th. The auto parts company reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by ($0.40). ChoicePoint had a return on equity of 22.00% and a net margin of 4.31%. As a group, equities research analysts forecast that ChoicePoint will post 9.38 EPS for the current year.

Large investors have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new stake in shares of ChoicePoint during the 4th quarter worth approximately $154,000. Commonwealth Bank of Australia boosted its stake in shares of 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 acquiring an additional 600 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of ChoicePoint during the 3rd quarter worth approximately $196,000. Wedge Capital Management L L P NC boosted its stake in shares of ChoicePoint by 44.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 4,304 shares of the auto parts company’s stock worth $267,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of ChoicePoint by 255.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,577 shares of the auto parts company’s stock worth $310,000 after acquiring an additional 1,852 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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