Drexel Hamilton set a $85.00 target price on Cubic (NYSE:CUB) in a research report released on Tuesday morning. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

Several other brokerages have also recently commented on CUB. Needham & Company LLC lowered their price target on shares of Cubic from $80.00 to $77.00 and set a buy rating for the company in a research report on Monday, December 3rd. Zacks Investment Research upgraded shares of Cubic from a hold rating to a buy rating and set a $72.00 price objective for the company in a report on Wednesday, November 21st. ValuEngine cut shares of Cubic from a strong-buy rating to a buy rating in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of Cubic from a neutral rating to an overweight rating and set a $59.03 price objective for the company in a report on Sunday, December 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $72.17.

CUB traded up $0.57 during midday trading on Tuesday, hitting $59.28. The company had a trading volume of 192,095 shares, compared to its average volume of 181,076. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.81 billion, a PE ratio of 92.63 and a beta of 1.15. Cubic has a twelve month low of $50.61 and a twelve month high of $77.35.

Cubic (NYSE:CUB) last posted its quarterly earnings data on Thursday, November 15th. The scientific and technical instruments company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.27). The company had revenue of $379.71 million during the quarter, compared to analyst estimates of $360.27 million. Cubic had a net margin of 0.95% and a return on equity of 2.79%. During the same quarter in the previous year, the business posted $0.49 EPS. On average, research analysts predict that Cubic will post 2.16 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in Cubic by 211.3% in the third 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 buying an additional 1,183 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Cubic in the third quarter worth $205,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Cubic in the third quarter worth $205,000. Invictus RG bought a new stake in shares of Cubic in the third quarter worth $267,000. Finally, Verition Fund Management LLC bought a new stake in shares of Cubic in the third quarter worth $272,000. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

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).

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Analyst Recommendations for Cubic (NYSE:CUB)

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