Cubic Corporation (CUB) Receives $56.00 Average Target Price from Analysts
Cubic Corporation (NYSE:CUB) has been given an average recommendation of “Buy” by the nine analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $56.00.
Several research firms have recently commented on CUB. Credit Suisse Group reiterated an “outperform” rating and set a $58.00 price target (up previously from $49.00) on shares of Cubic Corporation in a report on Wednesday, October 11th. Zacks Investment Research upgraded Cubic Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $56.00 price target (up previously from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Canaccord Genuity reiterated a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Cubic Corporation in a report on Monday, September 25th. Finally, Raymond James Financial, Inc. lifted their price target on Cubic Corporation and gave the stock a “buy” rating in a report on Friday, September 22nd.
Large investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Cubic Corporation during the 3rd quarter worth about $106,000. Bessemer Group Inc. acquired a new stake in shares of Cubic Corporation during the 2nd quarter worth about $125,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Cubic Corporation during the 3rd quarter worth about $159,000. SG Americas Securities LLC acquired a new stake in shares of Cubic Corporation during the 2nd quarter worth about $208,000. Finally, State of Alaska Department of Revenue increased its position in shares of Cubic Corporation by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after purchasing an additional 2,169 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
Cubic Corporation (NYSE:CUB) remained flat at $$53.00 during midday trading on Friday. The company’s stock had a trading volume of 143,804 shares, compared to its average volume of 133,762. Cubic Corporation has a 52 week low of $39.58 and a 52 week high of $57.05. The company has a current ratio of 1.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.30.
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).
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