Cubic Co. (NYSE:CUB) has been assigned an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.81.
CUB has been the subject of several research analyst reports. Citigroup assumed coverage on shares of Cubic in a report on Friday, February 15th. They issued a “buy” rating and a $75.00 price objective for the company. Drexel Hamilton set a $85.00 target price on shares of Cubic and gave the company a “buy” rating in a research note on Tuesday, January 8th. Needham & Company LLC raised shares of Cubic from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, November 16th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Finally, Zacks Investment Research raised shares of Cubic from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, November 21st.
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CUB traded up $0.03 on Friday, hitting $56.46. The company had a trading volume of 12,737 shares, compared to its average volume of 267,256. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.06 and a quick ratio of 1.78. Cubic has a 52-week low of $50.61 and a 52-week high of $77.35. The firm has a market capitalization of $1.95 billion, a PE ratio of 88.26 and a beta of 1.26.
Cubic (NYSE:CUB) last issued its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.10). Cubic had a return on equity of 2.30% and a net margin of 1.23%. The company had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $288.55 million. During the same quarter last year, the business earned ($0.36) earnings per share. The business’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Cubic will post 1.55 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.135 per share. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, February 28th. Cubic’s dividend payout ratio is 42.19%.
Several hedge funds and other institutional investors have recently made changes to their positions in CUB. Engineers Gate Manager LP bought a new position in shares of Cubic during the third quarter valued at approximately $205,000. Private Advisor Group LLC bought a new stake in shares of Cubic during the third quarter valued at approximately $277,000. Wells Fargo & Company MN increased its position in shares of Cubic by 2.1% during the third quarter. Wells Fargo & Company MN now owns 104,632 shares of the scientific and technical instruments company’s stock valued at $7,643,000 after acquiring an additional 2,132 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Cubic during the third quarter valued at approximately $205,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Cubic during the third quarter valued at approximately $1,213,000. 87.34% of the stock is owned by institutional investors and hedge funds.
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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