Cubic Corporation (CUB)’s Trend Up, Especially After Today’s 52-Week High Milestone

March 14, 2018 - By Marie Mckinney

Investors sentiment increased to 1.84 in Q3 2017. Its up 0.53, from 1.31 in 2017Q2. It improved, as 11 investors sold Cubic Corporation shares while 34 reduced holdings. 29 funds opened positions while 54 raised stakes. 24.06 million shares or 1.57% more from 23.68 million shares in 2017Q2 were reported.
Sg Americas Ltd stated it has 0.01% of its portfolio in Cubic Corporation (NYSE:CUB). State Board Of Administration Of Florida Retirement has 13,372 shares for 0% of their portfolio. Manufacturers Life The stated it has 0% of its portfolio in Cubic Corporation (NYSE:CUB). Utd Automobile Association reported 261,713 shares. Riverhead Cap Ltd Llc holds 1,836 shares. Great West Life Assurance Com Can invested 0.04% in Cubic Corporation (NYSE:CUB). Gsa Prtnrs Ltd Liability Partnership reported 5,896 shares stake. Raymond James Associates owns 57,423 shares. Quantbot Technologies Limited Partnership reported 0.01% in Cubic Corporation (NYSE:CUB). 14,036 are held by Adage Cap Prtn Ltd Liability Company. Credit Suisse Ag reported 0% stake. Moreover, D E Shaw has 0% invested in Cubic Corporation (NYSE:CUB). Bancshares Of Mellon Corporation invested in 0% or 326,549 shares. Intrepid Cap Mngmt holds 0.3% or 14,413 shares. Ellington Management Ltd reported 4,000 shares.

The stock of Cubic Corporation (NYSE:CUB) hit a new 52-week high and has $68.44 target or 5.00 % above today’s $65.18 share price. The 5 months bullish chart indicates low risk for the $1.77B company. The 1-year high was reported on Mar, 14 by If the $68.44 price target is reached, the company will be worth $88.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.19% or $0.12 during the last trading session, reaching $65.18. About 45,535 shares traded. Cubic Corporation (NYSE:CUB) has risen 14.76% since March 14, 2017 and is uptrending. It has underperformed by 1.94% the S&P500.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on May, 14. They expect $0.17 EPS, up 750.00 % or $0.15 from last year’s $0.02 per share. CUB’s profit will be $4.63 million for 95.85 P/E if the $0.17 EPS becomes a reality. After $-0.01 actual EPS reported by Cubic Corporation for the previous quarter, Wall Street now forecasts -1,800.00 % EPS growth.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Among 9 analysts covering Cubic Corporation (NYSE:CUB), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Cubic Corporation has $64.0 highest and $45 lowest target. $56.63’s average target is -13.12% below currents $65.18 stock price. Cubic Corporation had 21 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 10. The firm earned “Buy” rating on Tuesday, October 20 by BB&T Capital. The stock of Cubic Corporation (NYSE:CUB) has “Buy” rating given on Wednesday, October 11 by Credit Suisse. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 4 report. Raymond James upgraded the shares of CUB in report on Friday, September 22 to “Buy” rating. The firm has “Overweight” rating given on Thursday, August 10 by JP Morgan. As per Thursday, September 17, the company rating was upgraded by Credit Suisse. The rating was maintained by Needham with “Buy” on Friday, February 10. On Thursday, August 10 the stock rating was upgraded by J.P. Morgan to “Buy”. The rating was maintained by Needham with “Buy” on Friday, October 14.

More important recent Cubic Corporation (NYSE:CUB) news were published by: which released: “Cubic and Thales Partner to Compete for UK Ministry of Defence Training and …” on March 01, 2018, also published article titled: “Cubic Corporation (CUB) Ex-Dividend Date Scheduled for February 28, 2018”, published: “Cubic Strengthens C4ISR Business with Acquisition of MotionDSP” on February 22, 2018. More interesting news about Cubic Corporation (NYSE:CUB) was released by: and their article: “Cubic Wins Transport Supplier of the Year Award at London Transport Awards 2018” with publication date: March 13, 2018.

Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. The company has market cap of $1.77 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.

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