Cubic Co. (NYSE:CUB) has been given an average rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $60.75.

A number of brokerages have issued reports on CUB. ValuEngine raised Cubic from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Raymond James Financial raised Cubic from a “market perform” rating to a “strong-buy” rating and raised their price objective for the stock from $53.00 to $60.00 in a research note on Friday, September 22nd. Needham & Company LLC reissued a “buy” rating and set a $56.00 price objective (up from $48.00) on shares of Cubic in a research note on Thursday, September 28th. TheStreet raised Cubic from a “c” rating to a “b-” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research raised Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th.

Shares of Cubic (CUB) traded up $0.30 during midday trading on Monday, reaching $59.35. The company’s stock had a trading volume of 54,095 shares, compared to its average volume of 119,182. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,606.61, a price-to-earnings ratio of -144.76 and a beta of 1.10. Cubic has a 52-week low of $39.58 and a 52-week high of $64.95.

Cubic (NYSE:CUB) last issued its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.35. The firm had revenue of $445.60 million during the quarter, compared to analyst estimates of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted ($0.28) EPS. analysts predict that Cubic will post 1.72 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUB. BlackRock Inc. lifted its holdings in shares of Cubic by 1.3% in the second quarter. BlackRock Inc. now owns 3,829,369 shares of the scientific and technical instruments company’s stock valued at $177,300,000 after purchasing an additional 48,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cubic by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,783,929 shares of the scientific and technical instruments company’s stock valued at $90,980,000 after purchasing an additional 53,330 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Cubic by 3.5% in the third quarter. Pzena Investment Management LLC now owns 946,046 shares of the scientific and technical instruments company’s stock valued at $48,248,000 after purchasing an additional 31,917 shares in the last quarter. State Street Corp lifted its holdings in shares of Cubic by 4.2% in the second quarter. State Street Corp now owns 770,513 shares of the scientific and technical instruments company’s stock valued at $35,676,000 after purchasing an additional 31,315 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Cubic by 1.6% in the second quarter. Northern Trust Corp now owns 635,897 shares of the scientific and technical instruments company’s stock valued at $29,441,000 after purchasing an additional 10,316 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

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Cubic 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).

Analyst Recommendations for Cubic (NYSE:CUB)

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