Cubic Co. (NYSE:CUB) Given Average Rating of “Buy” by Analysts
Cubic Co. (NYSE:CUB) has been given an average rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $74.67.
A number of research firms have issued reports on CUB. Canaccord Genuity reaffirmed a “buy” rating on shares of ProMetic Life Sciences in a report on Friday, April 5th. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Raymond James reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Stantec in a report on Monday, May 13th. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.
CUB stock traded up $0.56 during midday trading on Friday, reaching $67.22. 4,576 shares of the company’s stock traded hands, compared to its average volume of 274,303. The firm has a market capitalization of $2.10 billion, a P/E ratio of 104.61 and a beta of 1.19. The firm has a fifty day simple moving average of $61.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.35. Cubic has a 52 week low of $50.61 and a 52 week high of $77.35.
In other news, Director John H. Warner, Jr. acquired 2,500 shares of the business’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $59.50 per share, with a total value of $148,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edwin A. Guiles purchased 2,716 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $59.80 per share, for a total transaction of $162,416.80. Following the completion of the acquisition, the director now directly owns 14,022 shares in the company, valued at approximately $838,515.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,371 shares of company stock worth $742,609 over the last ninety days. Insiders own 0.51% of the company’s stock.
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC purchased a new position in shares of Cubic in the 1st quarter worth about $39,000. Penserra Capital Management LLC boosted its holdings in shares of Cubic by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 822 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 274 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Cubic in the 4th quarter worth about $76,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cubic by 32.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,389 shares of the scientific and technical instruments company’s stock worth $134,000 after buying an additional 583 shares during the last quarter. Finally, Gofen & Glossberg LLC IL purchased a new position in shares of Cubic in the 2nd quarter worth about $205,000. 94.66% of the stock is currently owned by institutional investors.
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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