Cubic Corporation (NYSE: CUB) has recently received a number of price target changes and ratings updates:

  • 10/11/2017 – Cubic Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $58.00 price target on the stock, up previously from $49.00.
  • 10/10/2017 – Cubic Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. Cubic Transportation Systems designs, manufactures and integrates automatic fare collection systems for public transit projects throughout the world. This includes rail, bus and parking lot systems. The company supplies contactless smart cards; magnetic stripe cards; device software; and transit hardware including gates, ticket machines and card readers. Cubic Defense Applications provides realistic live combat training systems for military forces as well as virtual training systems, constructive simulation support, force modernization, battle command training and education and engineering & technical support. “
  • 10/4/2017 – Cubic Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. Cubic Transportation Systems designs, manufactures and integrates automatic fare collection systems for public transit projects throughout the world. This includes rail, bus and parking lot systems. The company supplies contactless smart cards; magnetic stripe cards; device software; and transit hardware including gates, ticket machines and card readers. Cubic Defense Applications provides realistic live combat training systems for military forces as well as virtual training systems, constructive simulation support, force modernization, battle command training and education and engineering & technical support. “
  • 9/28/2017 – Cubic Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $56.00 price target on the stock, up previously from $48.00.
  • 9/25/2017 – Cubic Corporation had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $55.00 price target on the stock, up previously from $50.00.
  • 9/22/2017 – Cubic Corporation was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to a “strong-buy” rating. They now have a $60.00 price target on the stock, up previously from $53.00.
  • 9/22/2017 – Cubic Corporation had its price target raised by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 9/20/2017 – Cubic Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of Cubic Corporation (NYSE:CUB) opened at 52.35 on Thursday. The stock’s market cap is $1.42 billion. Cubic Corporation has a 52 week low of $39.50 and a 52 week high of $55.65. The firm has a 50-day moving average price of $47.05 and a 200 day moving average price of $47.28.

Cubic Corporation (NYSE:CUB) last released its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.86). The firm had revenue of $361.87 million for the quarter, compared to analysts’ expectations of $383.47 million. Cubic Corporation had a negative net margin of 2.20% and a negative return on equity of 4.74%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. On average, analysts forecast that Cubic Corporation will post ($0.58) EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.135 per share. This represents a yield of 0.62%. The ex-dividend date was Wednesday, August 30th. Cubic Corporation’s dividend payout ratio is presently -22.69%.

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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