CUB has been the subject of a number of other research reports. SunTrust Banks assumed coverage on shares of Cubic in a research report on Thursday, September 5th. They set a hold rating and a $74.00 price objective for the company. Zacks Investment Research upgraded shares of Cubic from a sell rating to a hold rating in a research report on Tuesday, October 8th. Finally, TheStreet upgraded shares of Cubic from a c rating to a b- rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Cubic currently has an average rating of Buy and an average target price of $74.50.
Shares of NYSE:CUB traded up $0.03 during trading on Wednesday, reaching $72.81. 131,868 shares of the company’s stock traded hands, compared to its average volume of 261,318. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 1.07. Cubic has a 12 month low of $50.61 and a 12 month high of $75.20. The company has a 50 day moving average of $70.96 and a 200-day moving average of $65.89. The stock has a market capitalization of $2.32 billion, a P/E ratio of 113.77 and a beta of 1.21.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its position in Cubic by 79.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 482 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of Cubic by 69.2% in the second quarter. Point72 Hong Kong Ltd now owns 1,464 shares of the scientific and technical instruments company’s stock valued at $94,000 after acquiring an additional 599 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Cubic in the second quarter valued at approximately $95,000. Gofen & Glossberg LLC IL bought a new position in shares of Cubic in the second quarter valued at approximately $205,000. Finally, Keybank National Association OH bought a new position in shares of Cubic in the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 93.05% of the company’s stock.
Cubic Company Profile
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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