Reaffirmed: Cubic (NYSE:CUB) “Neutral” Rating Reiterated at JP Morgan; $70 Target in Place

June 15, 2018 - By Darrin Black

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.23, from 1.13 in 2017Q4. It is negative, as 11 investors sold Cubic Corporation shares while 59 reduced holdings. 17 funds opened positions while 46 raised stakes. 24.33 million shares or 2.82% more from 23.66 million shares in 2017Q4 were reported.

Fdx has invested 0.01% in Cubic Corporation (NYSE:CUB). Cna Corporation holds 0.27% of its portfolio in Cubic Corporation (NYSE:CUB) for 19,631 shares. 4.18M are held by Blackrock Inc. Intll Gru holds 16,143 shares. 109,033 were reported by First Pacific Advisors Ltd Liability Corp. 2,177 were reported by Ameritas Inv Prtn. Pnc Financial Service accumulated 3,292 shares. Arizona State Retirement System holds 0.03% or 39,471 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Cubic Corporation (NYSE:CUB). Jpmorgan Chase & Comm stated it has 0% in Cubic Corporation (NYSE:CUB). Morgan Dempsey Mngmt Ltd Liability Com stated it has 0% in Cubic Corporation (NYSE:CUB). Barrow Hanley Mewhinney And Strauss reported 86,161 shares stake. New York State Common Retirement Fund holds 0.01% or 162,529 shares in its portfolio. Deutsche Bankshares Ag reported 0% stake. Wells Fargo Mn has 109,219 shares.

Since May 7, 2018, it had 1 buying transaction, and 2 selling transactions for $215,783 activity. EDWARDS JAMES R had sold 1,000 shares worth $66,652. $64,450 worth of Cubic Corporation (NYSE:CUB) shares were bought by Melcher David F.

Cubic (NYSE:CUB) Rating Reaffirmed

In an analyst report sent to investors and clients this morning, JP Morgan reconfirmed their “Neutral” rating on Cubic (NYSE:CUB) shares. The TP indicates a possible upside of 5.14 % from firm’s previous stock close.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Among 3 analysts covering Cubic (NYSE:CUB), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Cubic has $76 highest and $7200 lowest target. $76’s average target is 14.16% above currents $66.575 stock price. Cubic had 4 analyst reports since April 19, 2018 according to SRatingsIntel. On Monday, May 14 the stock rating was downgraded by Needham to “Hold”. On Thursday, April 19 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by Canaccord Genuity on Thursday, June 14.

The stock decreased 1.66% or $1.125 during the last trading session, reaching $66.575. About 24,822 shares traded. Cubic Corporation (NYSE:CUB) has risen 51.12% since June 15, 2017 and is uptrending. It has outperformed by 38.55% the S&P500.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on August, 2. They expect $0.30 EPS, up 137.04 % or $1.11 from last year’s $-0.81 per share. CUB’s profit will be $8.17 million for 55.48 P/E if the $0.30 EPS becomes a reality. After $-0.12 actual EPS reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -350.00 % EPS growth.

Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. The company has market cap of $1.81 billion. It operates through three divisions: Cubic Transportation Systems , Cubic Global Defense Systems (CGD Systems), and Cubic Global Defense Services (CGD Services). It currently has negative earnings. The CTS segment provides fare collection and revenue management devices, software, systems and multiagency, multimodal integration technologies, and operational services for transportation authorities and operators.

More recent Cubic Corporation (NYSE:CUB) news were published by: Prnewswire.com which released: “Cubic Signs R&D Agreement with iMOVE Cooperative Research Centre in Australia” on June 11, 2018. Also Prnewswire.com published the news titled: “Cubic Executive Joins UK Prime Minister Theresa May at Roundtable Discussion on Future of Technology Investment” on June 14, 2018. Prnewswire.com‘s news article titled: “Cubic Concludes Analyst and Investor Day with Ringing of the NYSE Closing Bell” with publication date: June 13, 2018 was also an interesting one.

Cubic Corporation (NYSE:CUB) Institutional Positions Chart

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