CUI Global Inc. (CUI) Receives $7.00 Consensus Target Price from Brokerages
CUI Global Inc. (NASDAQ:CUI) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.00.
Several equities research analysts recently commented on CUI shares. Zacks Investment Research downgraded shares of CUI Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Dougherty & Co lowered their price target on shares of CUI Global from $9.00 to $7.50 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, TheStreet upgraded shares of CUI Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th.
Shares of CUI Global (NASDAQ:CUI) opened at 5.57 on Monday. CUI Global has a 52 week low of $4.01 and a 52 week high of $9.42. The company’s market cap is $116.43 million. The firm has a 50-day moving average of $5.35 and a 200 day moving average of $5.45.
CUI Global (NASDAQ:CUI) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. CUI Global had a negative net margin of 6.75% and a negative return on equity of 8.96%. The company had revenue of $23.26 million for the quarter, compared to the consensus estimate of $22.45 million. CUI Global’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that CUI Global will post ($0.29) earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. bought a new stake in CUI Global during the second quarter valued at $113,000. A.R.T. Advisors LLC bought a new stake in CUI Global during the second quarter valued at $126,000. Wells Fargo & Company MN raised its stake in CUI Global by 20.0% in the third quarter. Wells Fargo & Company MN now owns 27,355 shares of the company’s stock valued at $160,000 after buying an additional 4,555 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in CUI Global during the third quarter valued at $236,000. Finally, Royal Bank of Canada raised its stake in CUI Global by 8.5% in the second quarter. Royal Bank of Canada now owns 54,310 shares of the company’s stock valued at $274,000 after buying an additional 4,250 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.
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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