Cubic Corporation’s (CUB) Outperform Rating Reiterated at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Cubic Corporation (NYSE:CUB) in a research report report published on Wednesday morning, The Fly reports. The brokerage currently has a $58.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $49.00.

CUB has been the topic of several other reports. ValuEngine upgraded shares of Cubic Corporation from a sell rating to a hold rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. upgraded shares of Cubic Corporation from a market perform rating to a strong-buy rating and boosted their price objective for the company from $53.00 to $60.00 in a report on Friday, September 22nd. Canaccord Genuity reduced their price objective on shares of Cubic Corporation from $60.00 to $50.00 and set a buy rating on the stock in a report on Friday, August 4th. Needham & Company LLC restated a buy rating and issued a $56.00 price objective (up from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Cubic Corporation from a hold rating to a strong sell rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $56.67.

Shares of Cubic Corporation (NYSE CUB) traded down 0.29% during midday trading on Wednesday, hitting $52.45. 79,459 shares of the stock traded hands. The stock’s market cap is $1.42 billion. The company’s 50 day moving average price is $47.67 and its 200-day moving average price is $47.32. Cubic Corporation has a 12-month low of $39.58 and a 12-month high of $55.65.

Cubic Corporation (NYSE:CUB) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.86). The company had revenue of $361.87 million during 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 firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that Cubic Corporation will post ($0.62) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Cubic Corporation’s (CUB) Outperform Rating Reiterated at Credit Suisse Group” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/14/cubic-corporations-cub-outperform-rating-reiterated-at-credit-suisse-group.html.

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

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new stake in Cubic Corporation during the first quarter worth about $115,000. Bessemer Group Inc. purchased a new stake in Cubic Corporation during the second quarter worth about $125,000. SG Americas Securities LLC purchased a new stake in Cubic Corporation during the second quarter worth about $208,000. State of Alaska Department of Revenue increased its stake in Cubic Corporation by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after purchasing an additional 2,169 shares duri

CUB has been the topic of several other reports. ValuEngine upgraded shares of Cubic Corporation from a sell rating to a hold rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. upgraded shares of Cubic Corporation from a market perform rating to a strong-buy rating and boosted their price objective for the company from $53.00 to $60.00 in a report on Friday, September 22nd. Canaccord Genuity reduced their price objective on shares of Cubic Corporation from $60.00 to $50.00 and set a buy rating on the stock in a report on Friday, August 4th. Needham & Company LLC restated a buy rating and issued a $56.00 price objective (up from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Cubic Corporation from a hold rating to a strong sell rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $56.67.

Shares of Cubic Corporation (NYSE CUB) traded down 0.29% during midday trading on Wednesday, hitting $52.45. 79,459 shares of the stock traded hands. The stock’s market cap is $1.42 billion. The company’s 50 day moving average price is $47.67 and its 200-day moving average price is $47.32. Cubic Corporation has a 12-month low of $39.58 and a 12-month high of $55.65.

Cubic Corporation (NYSE:CUB) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.86). The company had revenue of $361.87 million during 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 firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that Cubic Corporation will post ($0.62) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Cubic Corporation’s (CUB) Outperform Rating Reiterated at Credit Suisse Group” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/14/cubic-corporations-cub-outperform-rating-reiterated-at-credit-suisse-group.html.

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

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new stake in Cubic Corporation during the first quarter worth about $115,000. Bessemer Group Inc. purchased a new stake in Cubic Corporation during the second quarter worth about $125,000. SG Americas Securities LLC purchased a new stake in Cubic Corporation during the second quarter worth about $208,000. State of Alaska Department of Revenue increased its stake in Cubic Corporation by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after purchasing an additional 2,169 shares during the period. Finally, Invictus RG purchased a new stake in Cubic Corporation during the first quarter worth about $231,000. Institutional investors own 88.77% of the company’s stock.

Cubic Corporation Company Profile

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).

The Fly

Analyst Recommendations for Cubic Corporation (NYSE:CUB)

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