Shares of Cubic Corp. (NYSE:CUB) have been given an average rating of “Buy” by the six ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $49.67.

A number of research analysts have issued reports on the company. Zacks Investment Research lowered Cubic Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 19th. Needham & Company LLC reduced their price target on Cubic Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $54.00 price target on shares of Cubic Corp. in a research report on Thursday, October 6th.

Shares of Cubic Corp. (NYSE:CUB) opened at 48.00 on Thursday. The stock has a market cap of $1.30 billion, a PE ratio of 44.53 and a beta of 0.98. The company’s 50-day moving average price is $43.82 and its 200-day moving average price is $42.91. Cubic Corp. has a 52-week low of $30.11 and a 52-week high of $49.79.

Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. raised its stake in shares of Cubic Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 2,771 shares of the company’s stock valued at $111,000 after buying an additional 101 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Cubic Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 3,206 shares of the company’s stock valued at $129,000 after buying an additional 399 shares during the period. Bank of Montreal Can purchased a new stake in shares of Cubic Corp. during the second quarter valued at $130,000. Mason Street Advisors LLC purchased a new stake in shares of Cubic Corp. during the second quarter valued at $172,000. Finally, Legal & General Group Plc raised its stake in shares of Cubic Corp. by 3.0% in the second quarter. Legal & General Group Plc now owns 5,014 shares of the company’s stock valued at $199,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.

Cubic Corp. Company Profile

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services).

5 Day Chart for NYSE:CUB

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