CubeSmart Upgraded by Macquarie to “Neutral” (CUBE)
CubeSmart (NASDAQ:CUBE) was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $19.50 price target on the stock, up from their previous price target of $14.50. Macquarie’s price objective suggests a potential upside of 2.79% from the stock’s previous close.
Shares of CubeSmart (NASDAQ:CUBE) traded down 0.05% on Monday, hitting $18.97. The stock had a trading volume of 1,790,614 shares. CubeSmart has a 52 week low of $12.52 and a 52 week high of $18.01. The stock has a 50-day moving average of $16.94 and a 200-day moving average of $16.41. The company’s market cap is $2.563 billion.
CubeSmart (NASDAQ:CUBE) last released its earnings data on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $78.91 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that CubeSmart will post $0.89 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CUBE. Analysts at Raymond James downgraded shares of CubeSmart from a “strong-buy” rating to a “market perform” rating in a research note to investors on Tuesday, October 22nd. They now have a $20.00 price target on the stock. Separately, analysts at Zacks upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 30th. They now have a $19.30 price target on the stock. Finally, analysts at UBS AG upgraded shares of CubeSmart from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. They now have a $18.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $17.96.
CubeSmart is a financials company in the Specialized REITs industry.
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