SunTrust Increases CubeSmart Price Target to $19.00 (CUBE)
SunTrust increased their price target on shares of CubeSmart (NASDAQ:CUBE) from $17.00 to $19.00 in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price objective indicates a potential upside of 6.44% from the company’s current price.
CUBE has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of CubeSmart in a research note on Tuesday. They now have a $18.00 price target on the stock, up previously from $17.00. Separately, analysts at KeyCorp downgraded shares of CubeSmart from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. They now have a $19.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at ISI Group initiated coverage on shares of CubeSmart in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.45.
Shares of CubeSmart (NASDAQ:CUBE) traded up 1.31% during mid-day trading on Friday, hitting $17.85. The stock had a trading volume of 1,101,600 shares. CubeSmart has a one year low of $15.06 and a one year high of $19.69. The stock’s 50-day moving average is $18.0 and its 200-day moving average is $16.9. The company has a market cap of $2.576 billion and a P/E ratio of 59.73.
CubeSmart (NASDAQ:CUBE) last released its earnings data on Thursday, May 1st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.02. The company had revenue of $87.27 million for the quarter, compared to the consensus estimate of $86.60 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that CubeSmart will post $1.02 EPS for the current fiscal year.
CubeSmart is a financials company in the Specialized REITs industry.
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