Cubic Corp. Hits New 52-Week High at $53.60 (CUB)
Shares of Cubic Corp. (NYSE:CUB) hit a new 52-week high during trading hours on Wednesday, AR Network reports. The company traded as high as $53.60 and last traded at $53.19, with a volume of 46,685 shares trading hands. The stock had previously closed at $52.84.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Cubic Corp. (NYSE:CUB) from $53.50 to $59.50 in a research note to investors on Wednesday, September 4th. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Cubic Corp. (NYSE:CUB) from $50.00 to $57.00 in a research note to investors on Monday, August 5th. Finally, analysts at Needham & Company raised their price target on shares of Cubic Corp. (NYSE:CUB) from $53.00 to $56.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cubic Corp. has an average rating of “Buy” and an average target price of $55.07.
Cubic Corp. has a 52-week low of $40.61 and a 52-week high of $53.60. The stock’s 50-day moving average is $51.44 and its 200-day moving average is $47.7. The company has a market cap of $1.420 billion and a P/E ratio of 17.87.
Cubic Corp. (NYSE:CUB) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $340.45 million for the quarter, compared to the consensus estimate of $349.55 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Analysts expect that Cubic Corp. will post $2.86 EPS for the current fiscal year.
Cubic Corporation (NYSE:CUB), is an international provider of systems and solutions that address the mass transit and global defense markets.
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