Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cubic Corporation (CUB) Share Price
Headlines about Cubic Corporation (NYSE:CUB) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cubic Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 45.9802508356628 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Cubic’s GATR Technologies Awarded Contract to Support New Zealand Defence Force (finance.yahoo.com)
- TransGlobe Energy Corporation Announces Q3 2017 Operations Update (globenewswire.com)
- Cubic Corporation (CUB) Stock Rating Reaffirmed by Credit Suisse Group (americanbankingnews.com)
- Cubic Wins $22 Million Contract For LCS Training Courseware (defensedaily.com)
Cubic Corporation (NYSE:CUB) traded down 1.05% during mid-day trading on Tuesday, reaching $51.90. The company’s stock had a trading volume of 119,921 shares. Cubic Corporation has a 52 week low of $39.58 and a 52 week high of $55.65. The firm’s market capitalization is $1.41 billion. The company’s 50-day moving average price is $47.83 and its 200 day moving average price is $47.25.
Cubic Corporation (NYSE:CUB) last released its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.86). The firm had revenue of $361.87 million for the quarter, compared to analysts’ expectations of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. Cubic Corporation’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that Cubic Corporation will post ($0.62) earnings per share for the current fiscal year.
A number of analysts have weighed in on CUB shares. Raymond James Financial, Inc. upgraded Cubic Corporation from a “market perform” rating to a “strong-buy” rating and upped their target price for the stock from $53.00 to $60.00 in a report on Friday, September 22nd. Zacks Investment Research lowered Cubic Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub lowered Cubic Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine lowered Cubic Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $56.00 target price (up previously from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $56.67.
Cubic Corporation 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).
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