Brokerages Set Cubic Co. (CUB) PT at $74.81

Shares of Cubic Co. (NYSE:CUB) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $74.81.

Several research firms recently weighed in on CUB. Citigroup began coverage on shares of Cubic in a research report on Friday, February 15th. They issued a “buy” rating and a $75.00 price objective for the company. ValuEngine cut shares of Cubic from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. 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 research report on Sunday, December 9th. Zacks Investment Research cut shares of Cubic from a “buy” rating to a “strong sell” rating in a research report on Monday, December 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $85.00 price objective on shares of Cubic in a research report on Thursday, February 7th.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Cubic by 14.0% during the 4th quarter. BlackRock Inc. now owns 5,097,799 shares of the scientific and technical instruments company’s stock valued at $273,956,000 after acquiring an additional 626,175 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cubic by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,466,422 shares of the scientific and technical instruments company’s stock valued at $180,171,000 after buying an additional 67,512 shares in the last quarter. Vanguard Group Inc increased its position in shares of Cubic by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 2,466,422 shares of the scientific and technical instruments company’s stock valued at $180,171,000 after buying an additional 67,512 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Cubic by 68.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,150,000 shares of the scientific and technical instruments company’s stock valued at $61,801,000 after buying an additional 468,000 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Cubic by 3.4% in the 4th quarter. Northern Trust Corp now owns 610,268 shares of the scientific and technical instruments company’s stock valued at $32,797,000 after buying an additional 20,147 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.

CUB stock remained flat at $$55.63 during trading on Wednesday. 102,005 shares of the company traded hands, compared to its average volume of 283,561. The company has a quick ratio of 1.78, a current ratio of 2.06 and a debt-to-equity ratio of 0.23. Cubic has a 1 year low of $50.61 and a 1 year high of $77.35. The company has a market cap of $1.76 billion, a PE ratio of 86.92 and a beta of 1.22.

Cubic (NYSE:CUB) last posted its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Cubic had a return on equity of 2.30% and a net margin of 1.23%. The company had revenue of $305.30 million during the quarter, compared to the consensus estimate of $288.55 million. During the same quarter last year, the firm earned ($0.36) EPS. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, equities research analysts anticipate that Cubic will post 1.52 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, March 1st were given a dividend of $0.135 per share. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, February 28th. Cubic’s payout ratio is 42.19%.

Cubic Company Profile

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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