Cubic Co. (CUB) Given Consensus Rating of “Buy” by Analysts

Shares of Cubic Co. (NYSE:CUB) have received an average recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $73.72.

CUB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Cubic from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Drexel Hamilton reissued a “buy” rating and issued a $85.00 price target on shares of Cubic in a report on Thursday, February 7th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Citigroup initiated coverage on shares of Cubic in a report on Friday, February 15th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Canaccord Genuity cut their price target on shares of Cubic from $74.00 to $70.00 and set a “buy” rating for the company in a report on Friday, April 5th.

In other news, Director Edwin A. Guiles acquired 1,000 shares of Cubic stock in a transaction on Friday, May 17th. The stock was bought at an average cost of $62.28 per share, with a total value of $62,280.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John H. Warner, Jr. acquired 2,500 shares of Cubic stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $59.50 per share, with a total value of $148,750.00. The disclosure for this purchase can be found here. Insiders acquired a total of 9,655 shares of company stock valued at $580,192 over the last three months. 0.51% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CUB. BlackRock Inc. lifted its stake in Cubic by 14.0% during the fourth quarter. BlackRock Inc. now owns 5,097,799 shares of the scientific and technical instruments company’s stock valued at $273,956,000 after buying an additional 626,175 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Cubic by 68.6% during the fourth 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. FMR LLC lifted its stake in Cubic by 25,700.1% during the fourth quarter. FMR LLC now owns 234,007 shares of the scientific and technical instruments company’s stock valued at $12,576,000 after buying an additional 233,100 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Cubic by 5,021.9% during the first quarter. PNC Financial Services Group Inc. now owns 215,735 shares of the scientific and technical instruments company’s stock valued at $12,132,000 after buying an additional 211,523 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Cubic by 81.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 432,769 shares of the scientific and technical instruments company’s stock valued at $24,339,000 after buying an additional 194,917 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

CUB traded up $0.04 on Thursday, reaching $61.24. The company had a trading volume of 7,210 shares, compared to its average volume of 265,374. The firm has a market capitalization of $1.93 billion, a PE ratio of 95.55 and a beta of 1.20. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Cubic has a one year low of $50.61 and a one year high of $77.35.

Cubic (NYSE:CUB) last announced its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.44. The firm had revenue of $337.30 million during the quarter, compared to analyst estimates of $326.88 million. Cubic had a net margin of 0.62% and a return on equity of 3.44%. Cubic’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) EPS. On average, equities analysts expect that Cubic will post 3.34 EPS for the current year.

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).

See Also: Insider Trading

Analyst Recommendations for Cubic (NYSE:CUB)

Receive News & Ratings for Cubic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cubic and related companies with MarketBeat.com's FREE daily email newsletter.