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.
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.
COPYRIGHT VIOLATION WARNING: “Brokerages Set Cubic Co. (CUB) Price Target at $60.75” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3126030/brokerages-set-cubic-co-cub-price-target-at-60-75.html.
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).
Receive News & Ratings for Cubic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic and related companies with MarketBeat.com's FREE daily email newsletter.