Cubic Corporation (CUB) Given Average Rating of “Buy” by Analysts

Cubic Corporation (NYSE:CUB) has earned an average rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $56.00.

A number of research firms have recently weighed in on CUB. Credit Suisse Group reaffirmed an “outperform” rating and set a $58.00 price target (up from $49.00) on shares of Cubic Corporation in a research note on Wednesday, October 11th. Zacks Investment Research raised Cubic Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target (up from $48.00) on shares of Cubic Corporation in a research note on Thursday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $55.00 price target (up from $50.00) on shares of Cubic Corporation in a research note on Monday, September 25th. Finally, Raymond James Financial, Inc. raised their price target on Cubic Corporation and gave the stock a “buy” rating in a research note on Friday, September 22nd.

Several institutional investors and hedge funds have recently bought and sold shares of CUB. Swiss National Bank raised its stake in shares of Cubic Corporation by 1.9% during the 1st quarter. Swiss National Bank now owns 37,900 shares of the scientific and technical instruments company’s stock worth $2,001,000 after purchasing an additional 700 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Cubic Corporation by 9.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 40,898 shares of the scientific and technical instruments company’s stock valued at $2,159,000 after acquiring an additional 3,657 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Cubic Corporation during the 1st quarter valued at about $115,000. Mason Street Advisors LLC increased its holdings in shares of Cubic Corporation by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 5,831 shares of the scientific and technical instruments company’s stock valued at $308,000 after acquiring an additional 386 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Cubic Corporation by 1.6% during the 1st quarter. Arizona State Retirement System now owns 12,988 shares of the scientific and technical instruments company’s stock valued at $686,000 after acquiring an additional 200 shares during the last quarter. 87.91% of the stock is owned by institutional investors.

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Cubic Corporation (NYSE:CUB) traded up 0.77% during mid-day trading on Wednesday, reaching $52.30. The company’s stock had a trading volume of 116,470 shares. The firm’s market capitalization is $1.42 billion. Cubic Corporation has a 1-year low of $39.58 and a 1-year high of $55.65. The firm has a 50-day moving average of $48.54 and a 200 day moving average of $47.28.

Cubic Corporation (NYSE:CUB) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.86). The business had revenue of $361.87 million during the quarter, compared to analysts’ expectations of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Equities analysts expect that Cubic Corporation will post ($0.62) earnings per share for the current year.

About Cubic Corporation

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 Corporation (NYSE:CUB)

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