Cubic Corporation (NYSE:CUB) was upgraded by investment analysts at Raymond James Financial, Inc. from a “market perform” rating to a “strong-buy” rating in a note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price (down previously from $52.00) on shares of Cubic Corporation in a research note on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 target price on shares of Cubic Corporation in a research note on Thursday, August 10th. BidaskClub raised shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Cubic Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, J P Morgan Chase & Co raised shares of Cubic Corporation 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Cubic Corporation presently has a consensus rating of “Buy” and a consensus target price of $53.40.

Cubic Corporation (CUB) traded up 7.59% during midday trading on Friday, reaching $50.35. The company had a trading volume of 66,125 shares. The stock’s 50 day moving average is $43.32 and its 200 day moving average is $47.36. Cubic Corporation has a one year low of $39.50 and a one year high of $55.65. The company’s market capitalization is $1.37 billion.

Cubic Corporation (NYSE:CUB) last announced its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.86). The firm had revenue of $361.87 million for the quarter, compared to analyst estimates of $383.47 million. Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Equities research analysts forecast that Cubic Corporation will post ($0.58) earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Cubic Corporation by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 14,761 shares of the scientific and technical instruments company’s stock worth $683,000 after purchasing an additional 125 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Cubic Corporation in the second quarter worth $250,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Cubic Corporation by 25.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,094 shares of the scientific and technical instruments company’s stock worth $732,000 after purchasing an additional 3,267 shares during the last quarter. State Street Corp grew its stake in shares of Cubic Corporation by 4.2% in the second quarter. State Street Corp now owns 770,513 shares of the scientific and technical instruments company’s stock worth $35,676,000 after purchasing an additional 31,315 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Cubic Corporation by 20.5% in the second quarter. Voya Investment Management LLC now owns 11,044 shares of the scientific and technical instruments company’s stock worth $511,000 after purchasing an additional 1,876 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors.

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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