Share on StockTwits

Investment analysts at JPMorgan Chase & Co. reduced their target price on shares of Cubic (NYSE:CUB) from $57.00 to $55.00 in a note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 24.32% from the company’s current price.

CUB has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC cut their price target on shares of Cubic from $56.00 to $54.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. Analysts at Benchmark Co. downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.94.

Shares of Cubic (NYSE:CUB) traded up 0.87% on Thursday, hitting $44.24. The stock had a trading volume of 90,340 shares. Cubic has a 52 week low of $43.15 and a 52 week high of $56.92. The stock’s 50-day moving average is $44.84 and its 200-day moving average is $48.77. The company has a market cap of $1.185 billion and a P/E ratio of 206.89.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.05. The company had revenue of $354.50 million for the quarter, compared to the consensus estimate of $316.08 million. On average, analysts predict that Cubic will post $2.63 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which is scheduled for Monday, August 25th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.12 per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, August 7th.

Cubic Corporation (NYSE:CUB) is an international provider of systems and solutions that address the mass transit and global defense markets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.