Canaccord Genuity reiterated their buy rating on shares of Cubic Co. (NYSE:CUB) in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have a $64.00 target price on the scientific and technical instruments company’s stock, up from their prior target price of $55.00.

Several other research firms have also recently issued reports on CUB. Credit Suisse Group reissued an outperform rating and set a $58.00 target price (up from $49.00) on shares of Cubic in a research note on Wednesday, October 11th. Zacks Investment Research cut Cubic from a hold rating to a strong sell rating in a research note on Monday, November 20th. BidaskClub cut Cubic from a buy rating to a hold rating in a research note on Friday, July 28th. J P Morgan Chase & Co raised Cubic from a neutral rating to an overweight rating and set a $53.00 target price on the stock in a research note on Thursday, August 10th. Finally, ValuEngine cut Cubic from a hold rating to a sell rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Cubic presently has an average rating of Buy and an average price target of $59.17.

Cubic (NYSE CUB) opened at $62.15 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. Cubic has a 12 month low of $39.58 and a 12 month high of $64.95.

Cubic (NYSE:CUB) last posted its earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.35. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $436.76 million. During the same period in the previous year, the firm earned ($0.28) earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. analysts predict that Cubic will post 1.72 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Cubic in the third quarter worth $301,000. Sterling Capital Management LLC grew its stake in Cubic by 112.4% in the third quarter. Sterling Capital Management LLC now owns 38,258 shares of the scientific and technical instruments company’s stock worth $1,951,000 after purchasing an additional 20,249 shares during the period. California Public Employees Retirement System grew its stake in Cubic by 2.9% in the third quarter. California Public Employees Retirement System now owns 48,867 shares of the scientific and technical instruments company’s stock worth $2,492,000 after purchasing an additional 1,367 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Cubic in the third quarter worth $159,000. Finally, Intrepid Capital Management Inc. grew its stake in Cubic by 7.6% in the third quarter. Intrepid Capital Management Inc. now owns 14,413 shares of the scientific and technical instruments company’s stock worth $735,000 after purchasing an additional 1,015 shares during the period. 86.52% of the stock is currently owned by institutional investors.

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Cubic 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).

Analyst Recommendations for Cubic (NYSE:CUB)

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