CUI Global Inc. (CUI) Price Target Lowered to $7.00 at Dougherty & Co
CUI Global Inc. (NASDAQ:CUI) had its price objective reduced by analysts at Dougherty & Co from $7.50 to $7.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Dougherty & Co’s target price indicates a potential upside of 40.56% from the stock’s previous close.
A number of other analysts have also recently weighed in on the company. TheStreet raised CUI Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Zacks Investment Research cut CUI Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $8.50.
Shares of CUI Global (NASDAQ:CUI) opened at 4.98 on Friday. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42. The stock has a 50 day moving average price of $5.41 and a 200-day moving average price of $5.54. The firm’s market capitalization is $104.10 million.
CUI Global (NASDAQ:CUI) last announced its earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm earned $23.26 million during the quarter, compared to analysts’ expectations of $22.45 million. CUI Global had a negative return on equity of 8.80% and a negative net margin of 6.75%. CUI Global’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts anticipate that CUI Global will post ($0.30) EPS for the current year.
Several institutional investors have recently modified their holdings of the company. White Pine Capital LLC increased its position in shares of CUI Global by 13.2% in the second quarter. White Pine Capital LLC now owns 323,480 shares of the company’s stock worth $1,634,000 after buying an additional 37,825 shares during the period. Cortina Asset Management LLC acquired a new position in shares of CUI Global during the second quarter worth about $1,578,000. Marathon Capital Management increased its position in shares of CUI Global by 7.6% in the second quarter. Marathon Capital Management now owns 1,323,602 shares of the company’s stock worth $6,686,000 after buying an additional 93,815 shares during the period. Vanguard Group Inc. increased its position in shares of CUI Global by 6.1% in the second quarter. Vanguard Group Inc. now owns 681,449 shares of the company’s stock worth $3,442,000 after buying an additional 39,385 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of CUI Global by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,350,376 shares of the company’s stock worth $11,869,000 after buying an additional 69,134 shares during the period. 62.56% of the stock is owned by institutional investors and hedge funds.
CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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