Cubic Co. (NYSE:CUB) has been given an average rating of “Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $73.21.

Several research firms have recently issued reports on CUB. Canaccord Genuity lowered their target price on shares of Cubic from $74.00 to $70.00 and set a “buy” rating for the company in a report on Friday, April 5th. Citigroup began coverage on shares of Cubic in a research report on Friday, February 15th. They set a “buy” rating and a $75.00 price objective for the company. Zacks Investment Research raised shares of Cubic from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Drexel Hamilton reissued a “buy” rating and set a $85.00 price objective on shares of Cubic in a research report on Thursday, February 7th.

Shares of CUB stock traded up $0.89 during trading hours on Friday, hitting $54.32. 219,406 shares of the company’s stock traded hands, compared to its average volume of 156,639. Cubic has a 12-month low of $50.61 and a 12-month high of $77.35. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 84.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.78 and a current ratio of 2.06.

Cubic (NYSE:CUB) last released its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.10). Cubic had a net margin of 1.23% and a return on equity of 2.30%. The business had revenue of $305.30 million for the quarter, compared to analysts’ expectations of $288.55 million. During the same quarter in the previous year, the business posted ($0.36) earnings per share. Cubic’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, sell-side analysts forecast that Cubic will post 1.52 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Cubic by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 310,181 shares of the scientific and technical instruments company’s stock worth $22,660,000 after purchasing an additional 9,459 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Cubic by 211.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the scientific and technical instruments company’s stock valued at $127,000 after purchasing an additional 1,183 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Cubic by 530.7% during the 3rd quarter. Renaissance Technologies LLC now owns 32,795 shares of the scientific and technical instruments company’s stock valued at $2,396,000 after purchasing an additional 27,595 shares during the last quarter. Paloma Partners Management Co bought a new position in Cubic during the 3rd quarter valued at about $516,000. Finally, Verition Fund Management LLC bought a new position in Cubic during the 3rd quarter valued at about $272,000. Institutional investors own 94.57% of the company’s stock.

About Cubic

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).

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Cubic (NYSE:CUB)

Receive News & Ratings for Cubic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic and related companies with MarketBeat.com's FREE daily email newsletter.