Brokerages Set Cubic Co. (CUB) Price Target at $60.75

Shares of Cubic Co. (NYSE:CUB) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $60.75.

A number of analysts have recently issued reports on CUB shares. Raymond James Financial raised Cubic from a “market perform” rating to a “strong-buy” rating and lifted their price target for the stock from $53.00 to $60.00 in a research note on Friday, September 22nd. Zacks Investment Research lowered Cubic from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. Needham & Company LLC lifted their price target on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Canaccord Genuity reaffirmed a “buy” rating and issued a $64.00 price target (up from $55.00) on shares of Cubic in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. lowered Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research note on Monday, November 27th.

Cubic (NYSE:CUB) traded up $0.40 during trading on Monday, hitting $59.05. The stock had a trading volume of 60,605 shares, compared to its average volume of 76,200. The stock has a market capitalization of $1,609.33, a PE ratio of -144.02 and a beta of 1.10. Cubic has a 1-year low of $39.58 and a 1-year high of $64.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.42.

Cubic (NYSE:CUB) last posted its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.35. The business had revenue of $445.60 million during the quarter, compared to analysts’ expectations of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) earnings per share. equities analysts forecast that Cubic will post 1.72 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Cubic in the third quarter valued at $106,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Cubic in the 3rd quarter valued at $159,000. SG Americas Securities LLC purchased a new stake in shares of Cubic in the 2nd quarter valued at $208,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Cubic in the 2nd quarter valued at $250,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Cubic in the 2nd quarter valued at $255,000. Institutional investors own 89.42% of the company’s stock.

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Cubic Company Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Analyst Recommendations for Cubic (NYSE:CUB)

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