Cubic Corporation (NYSE:CUB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday.

According to Zacks, “Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. Cubic Transportation Systems designs, manufactures and integrates automatic fare collection systems for public transit projects throughout the world. This includes rail, bus and parking lot systems. The company supplies contactless smart cards; magnetic stripe cards; device software; and transit hardware including gates, ticket machines and card readers. Cubic Defense Applications provides realistic live combat training systems for military forces as well as virtual training systems, constructive simulation support, force modernization, battle command training and education and engineering & technical support. “

CUB has been the subject of a number of other research reports. ValuEngine upgraded Cubic Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. upgraded Cubic Corporation from a “market perform” rating to a “strong-buy” rating and increased their price objective for the stock from $53.00 to $60.00 in a report on Friday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective (up previously from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Canaccord Genuity decreased their price objective on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, J P Morgan Chase & Co upgraded Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $56.67.

Cubic Corporation (CUB) traded up $0.50 on Monday, reaching $53.50. The company’s stock had a trading volume of 192,772 shares, compared to its average volume of 134,025. The company has a quick ratio of 1.41, a current ratio of 1.71 and a debt-to-equity ratio of 0.30. Cubic Corporation has a twelve month low of $39.58 and a twelve month high of $57.05.

Cubic Corporation (NYSE:CUB) last posted its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.21. The business had revenue of $445.60 million during the quarter, compared to the consensus estimate of $436.76 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.28) earnings per share. equities analysts predict that Cubic Corporation will post -0.75 earnings per share for the current year.

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Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Cubic Corporation during the third quarter valued at $301,000. Sterling Capital Management LLC increased its holdings in shares of Cubic Corporation by 112.4% during the third quarter. Sterling Capital Management LLC now owns 38,258 shares of the scientific and technical instruments company’s stock valued at $1,951,000 after acquiring an additional 20,249 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Cubic Corporation by 2.9% during the third quarter. California Public Employees Retirement System now owns 48,867 shares of the scientific and technical instruments company’s stock valued at $2,492,000 after acquiring an additional 1,367 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Cubic Corporation during the third quarter valued at $159,000. Finally, Intrepid Capital Management Inc. increased its holdings in shares of Cubic Corporation by 7.6% during the third quarter. Intrepid Capital Management Inc. now owns 14,413 shares of the scientific and technical instruments company’s stock valued at $735,000 after acquiring an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

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).

Analyst Recommendations for Cubic Corporation (NYSE:CUB)

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