Shares of Cubic Co. (NYSE:CUB) have earned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $73.72.
A number of analysts recently commented on CUB shares. Raymond James raised shares of Cubic from an “outperform” rating to a “strong-buy” rating and set a $82.00 price objective on the stock in a report on Monday, May 13th. Zacks Investment Research raised shares of Cubic from a “sell” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, May 8th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Canaccord Genuity decreased their price objective on shares of Cubic from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, April 5th.
CUB stock traded down $0.85 during trading on Monday, reaching $60.29. 5,793 shares of the company were exchanged, compared to its average volume of 182,483. The stock has a market cap of $1.90 billion, a P/E ratio of 94.20 and a beta of 1.11. Cubic has a 52-week low of $50.61 and a 52-week high of $77.35. The firm’s 50 day moving average is $59.10. The company has a current ratio of 1.35, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23.
In other Cubic news, Director Edwin A. Guiles purchased 1,000 shares of Cubic stock in a transaction on Friday, May 17th. The shares were bought at an average price of $62.28 per share, with a total value of $62,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edwin A. Guiles purchased 2,716 shares of Cubic stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $59.80 per share, for a total transaction of $162,416.80. Following the acquisition, the director now directly owns 14,022 shares of the company’s stock, valued at $838,515.60. The disclosure for this purchase can be found here. Insiders acquired 12,371 shares of company stock worth $742,609 in the last ninety days. Insiders own 0.51% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in shares of Cubic in the fourth quarter valued at about $29,000. Parallel Advisors LLC purchased a new stake in shares of Cubic in the first quarter valued at about $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Cubic in the fourth quarter valued at about $76,000. Bank of Montreal Can lifted its holdings in shares of Cubic by 10.1% in the fourth quarter. Bank of Montreal Can now owns 1,973 shares of the scientific and technical instruments company’s stock valued at $106,000 after purchasing an additional 181 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cubic by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,389 shares of the scientific and technical instruments company’s stock valued at $134,000 after purchasing an additional 583 shares in the last quarter. 94.66% of the stock is currently owned by institutional investors.
Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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