Zacks cut shares of Cubic Corp. (NYSE:CUB) from a neutral rating to an underperform rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has $49.30 price target on the stock.
Cubic Corp. (NYSE:CUB) traded up 0.16% on Tuesday, hitting $50.06. The stock had a trading volume of 7,894 shares. Cubic Corp. has a one year low of $40.61 and a one year high of $56.92. The stock’s 50-day moving average is $53.72 and its 200-day moving average is $51.56. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 16.90.
Cubic Corp. (NYSE:CUB) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.16. On average, analysts predict that Cubic Corp. will post $2.93 earnings per share for the current fiscal year.
Separately, analysts at Credit Suisse cut their price target on shares of Cubic Corp. from $54.00 to $52.00 in a research note to investors on Tuesday, October 29th. They now have a neutral rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $55.69.
Cubic Corporation (NYSE:CUB), is an international provider of systems and solutions that address the mass transit and global defense markets.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.