Cubic Corporation (CUB) Receives $52.25 Consensus Price Target from Analysts
Cubic Corporation (NYSE:CUB) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.25.
CUB has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective (down from $55.00) on shares of Cubic Corporation in a research report on Tuesday, May 9th. BidaskClub raised shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity dropped their price objective on shares of Cubic Corporation from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Finally, ValuEngine downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.
Several hedge funds and other institutional investors have recently bought and sold shares of CUB. Meadow Creek Investment Management LLC grew its position in shares of Cubic Corporation by 11.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,006 shares of the scientific and technical instruments company’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Cubic Corporation in the 1st quarter valued at $115,000. Bessemer Group Inc. purchased a new position in shares of Cubic Corporation in the 2nd quarter valued at $125,000. State of Alaska Department of Revenue grew its position in shares of Cubic Corporation by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 2,750 shares of the scientific and technical instruments company’s stock valued at $145,000 after buying an additional 60 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Cubic Corporation in the 2nd quarter valued at $208,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cubic Corporation (NYSE CUB) traded up 0.81% during midday trading on Tuesday, reaching $43.30. 142,647 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $44.47 and its 200 day moving average price is $48.11. Cubic Corporation has a 1-year low of $39.50 and a 1-year high of $55.65. The stock’s market capitalization is $1.17 billion.
Cubic Corporation (NYSE:CUB) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.86. Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The firm had revenue of $361.87 million during the quarter, compared to analysts’ expectations of $383.47 million. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities analysts predict that Cubic Corporation will post ($0.58) earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.135 dividend. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, August 30th. Cubic Corporation’s dividend payout ratio (DPR) is -22.69%.
Cubic Corporation 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).
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