Cubic Corp. Stock Rating Upgraded by Zacks (CUB)
Cubic Corp. (NYSE:CUB) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday, American Banking News reports. The firm currently has a $51.70 target price on the stock. Zacks‘ price target would suggest a potential upside of 2.13% from the company’s current price.
Separately, analysts at JPMorgan Chase & Co. upgraded shares of Cubic Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, December 19th. They now have a $57.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Cubic Corp. has an average rating of “Buy” and an average target price of $55.67.
Shares of Cubic Corp. (NYSE:CUB) traded down 0.08% on Monday, hitting $50.62. 82,449 shares of the company’s stock traded hands. Cubic Corp. has a 52 week low of $40.61 and a 52 week high of $56.92. The stock has a 50-day moving average of $51.67 and a 200-day moving average of $52.15. The company has a market cap of $1.356 billion and a price-to-earnings ratio of 68.46.
Cubic Corp. (NYSE:CUB) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.16. Analysts expect that Cubic Corp. will post $2.76 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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