Cubic Co. (NYSE:CUB) has earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $60.20.

Several equities analysts have commented on CUB shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $58.00 price objective (up previously from $49.00) on shares of Cubic in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Cubic from a “hold” rating to a “strong sell” rating in a research report on Monday, November 20th. Canaccord Genuity reissued a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Cubic in a research report on Monday, September 25th. J P Morgan Chase & Co downgraded Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Monday, November 27th. Finally, Needham & Company LLC increased their price target on Cubic from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Cubic by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 14,761 shares of the scientific and technical instruments company’s stock valued at $683,000 after purchasing an additional 125 shares in the last quarter. Texas Permanent School Fund boosted its position in Cubic by 0.9% during the second quarter. Texas Permanent School Fund now owns 18,210 shares of the scientific and technical instruments company’s stock valued at $843,000 after purchasing an additional 157 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Cubic by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,890 shares of the scientific and technical instruments company’s stock valued at $273,000 after purchasing an additional 240 shares in the last quarter. Formidable Asset Management LLC boosted its position in Cubic by 2.6% during the second quarter. Formidable Asset Management LLC now owns 18,632 shares of the scientific and technical instruments company’s stock valued at $863,000 after purchasing an additional 469 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Cubic by 1.4% during the second quarter. Rhumbline Advisers now owns 57,249 shares of the scientific and technical instruments company’s stock valued at $2,651,000 after purchasing an additional 769 shares in the last quarter. 90.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cubic (CUB) traded up $0.28 during trading on Thursday, reaching $60.25. The company’s stock had a trading volume of 112,723 shares, compared to its average volume of 212,978. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.42 and a current ratio of 1.65. Cubic has a 12 month low of $39.58 and a 12 month high of $64.95.

Cubic (NYSE:CUB) last announced its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.35. The company had revenue of $445.60 million for the quarter, compared to the consensus estimate of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. Cubic’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.28) EPS. equities analysts expect that Cubic will post 1.72 EPS for the current fiscal year.

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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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