Cubic Corp. Price Target Lowered to $52.00 at Credit Suisse (CUB)
Analysts at Credit Suisse dropped their target price on shares of Cubic Corp. (NYSE:CUB) from $54.00 to $52.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target would indicate a potential downside of 1.65% from the stock’s previous close.
Shares of Cubic Corp. (NYSE:CUB) traded up 0.70% on Tuesday, hitting $52.87. The stock had a trading volume of 100,053 shares. Cubic Corp. has a 1-year low of $40.61 and a 1-year high of $54.96. The stock has a 50-day moving average of $52.63 and a 200-day moving average of $49.67. The company has a market cap of $1.414 billion and a P/E ratio of 17.75.
A number of other firms have also recently commented on CUB. Analysts at JPMorgan Chase & Co. raised their price target on shares of Cubic Corp. 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. 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. 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cubic Corp. has a consensus rating of “Buy” and an average target price of $54.93.
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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