Cubic Corporation (CUB) Receives Average Rating of “Buy” from Brokerages

Shares of Cubic Corporation (NYSE:CUB) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $52.25.

CUB has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective (down from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price objective on shares of Cubic Corporation in a research report on Thursday, August 10th. BidaskClub raised shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Raymond James Financial, Inc. boosted their price objective on shares of Cubic Corporation and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine raised shares of Cubic Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Cubic Corporation by 1.3% in the second quarter. BlackRock Inc. now owns 3,829,369 shares of the scientific and technical instruments company’s stock valued at $177,300,000 after acquiring an additional 48,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cubic Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock valued at $113,820,000 after acquiring an additional 92,168 shares during the last quarter. Wellington Management Group LLP lifted its stake in Cubic Corporation by 1.1% in the first quarter. Wellington Management Group LLP now owns 2,143,979 shares of the scientific and technical instruments company’s stock valued at $113,202,000 after acquiring an additional 23,380 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cubic Corporation by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,730,599 shares of the scientific and technical instruments company’s stock valued at $80,126,000 after acquiring an additional 106,660 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Cubic Corporation by 14.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,191,000 shares of the scientific and technical instruments company’s stock valued at $55,143,000 after acquiring an additional 151,000 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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Cubic Corporation (NYSE CUB) traded up 10.26% during trading on Friday, reaching $51.60. 478,501 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $43.32 and its 200-day moving average price is $47.36. Cubic Corporation has a 52 week low of $39.50 and a 52 week high of $55.65. The stock’s market capitalization is $1.40 billion.

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

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

About Cubic Corporation

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 Corporation (NYSE:CUB)

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