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Cubic (NYSE:CUB) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They currently have a $43.20 price target on the stock. Zacks‘s price target would suggest a potential downside of 4.49% from the company’s current price.

Shares of Cubic (NYSE:CUB) traded down 0.42% on Wednesday, hitting $45.04. 15,091 shares of the company’s stock traded hands. Cubic has a 52-week low of $40.69 and a 52-week high of $56.92. The stock’s 50-day moving average is $44. and its 200-day moving average is $47.98. The company’s market cap is $1.207 billion.

Cubic (NYSE:CUB) last released its earnings data on Monday, August 4th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.30. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $370.90 million. Analysts expect that Cubic will post $2.36 EPS for the current fiscal year.

In other Cubic news, EVP Stephen O. Shewmaker sold 1,000 shares of Cubic stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $45.82, for a total value of $45,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company LLC cut their price target on shares of Cubic from $54.00 to $48.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated a “hold” rating on shares of Cubic in a research note on Tuesday, August 5th. They now have a $49.00 price target on the stock, down previously from $51.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cubic from $57.00 to $55.00 in a research note on Thursday, July 31st. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.80.

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

To view Zacks’ full report, visit Zacks’ official website.

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