TheStreet cut shares of Cubic (NYSE:CUB) from a b- rating to a c rating in a report issued on Thursday.

A number of other research analysts have also commented on the stock. Raymond James Financial reiterated an outperform rating and issued a $62.00 price target (down previously from $64.00) on shares of Cubic in a research note on Friday, January 19th. JPMorgan Chase & Co. lowered shares of Cubic from an overweight rating to a neutral rating and set a $59.00 price target on the stock. in a research note on Monday, November 27th. Needham & Company LLC increased their target price on shares of Cubic from $56.00 to $62.00 and gave the stock a buy rating in a research report on Tuesday, November 21st. Canaccord Genuity restated a buy rating and set a $64.00 target price (up previously from $55.00) on shares of Cubic in a research report on Tuesday, November 21st. Finally, Zacks Investment Research lowered shares of Cubic from a hold rating to a strong sell rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $61.00.

Cubic (NYSE:CUB) opened at $57.00 on Thursday. Cubic has a 52 week low of $39.58 and a 52 week high of $64.95. The company has a market cap of $1,471.40, a PE ratio of -86.36 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.65 and a debt-to-equity ratio of 0.29.

Cubic (NYSE:CUB) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.33). Cubic had a negative net margin of 1.21% and a negative return on equity of 1.27%. The company had revenue of $340.70 million during the quarter, compared to analyst estimates of $338.21 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. equities analysts forecast that Cubic will post 1.56 earnings per share for the current year.

Several large investors have recently made changes to their positions in CUB. Rutabaga Capital Management LLC MA acquired a new position in shares of Cubic during the 4th quarter worth approximately $10,704,000. Cortina Asset Management LLC grew its position in shares of Cubic by 79.5% during the 3rd quarter. Cortina Asset Management LLC now owns 367,109 shares of the scientific and technical instruments company’s stock worth $18,723,000 after purchasing an additional 162,572 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Cubic during the 3rd quarter worth approximately $4,014,000. Granite Investment Partners LLC grew its position in shares of Cubic by 35.1% during the 3rd quarter. Granite Investment Partners LLC now owns 301,266 shares of the scientific and technical instruments company’s stock worth $15,364,000 after purchasing an additional 78,192 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Cubic during the 4th quarter worth approximately $3,654,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.

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About Cubic

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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