Cubic (CUB) Receives Outperform Rating from Raymond James Financial

Cubic (NYSE:CUB)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James Financial in a note issued to investors on Friday.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of Cubic in a report on Monday, September 25th. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 target price (up from $48.00) on shares of Cubic in a report on Thursday, September 28th. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and issued a $58.00 target price (up from $49.00) on shares of Cubic in a report on Wednesday, October 11th. Finally, TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $60.60.

Shares of Cubic (CUB) traded down $0.80 during mid-day trading on Friday, hitting $59.95. 99,300 shares of the stock traded hands, compared to its average volume of 94,975. The firm has a market cap of $1,652.86, a P/E ratio of -146.22 and a beta of 1.10. Cubic has a one year low of $39.58 and a one year high of $64.95. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.29.

Cubic (NYSE:CUB) last announced its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.14 by $0.35. The company had revenue of $445.60 million during the quarter, compared to the consensus estimate of $436.76 million. Cubic had a negative net margin of 0.75% and a negative return on equity of 1.66%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.28) EPS. equities analysts expect that Cubic will post 1.72 EPS for the current year.

A number of large investors have recently modified their holdings of CUB. Quantbot Technologies LP bought a new position in Cubic during the 3rd quarter valued at $106,000. Cubist Systematic Strategies LLC bought a new stake in shares of Cubic during the 3rd quarter worth $159,000. Gofen & Glossberg LLC IL bought a new stake in shares of Cubic during the 4th quarter worth $205,000. Piedmont Investment Advisors LLC bought a new stake in shares of Cubic during the 2nd quarter worth $250,000. Finally, Martingale Asset Management L P bought a new stake in shares of Cubic during the 2nd quarter worth $255,000. Institutional investors and hedge funds own 90.55% of the company’s stock.

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About Cubic

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).

Analyst Recommendations for Cubic (NYSE:CUB)

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