What’s in Cubic Corporation (CUB) After Achieving Record High?

March 14, 2018 - By Stephen Andrade

Investors sentiment increased to 1.84 in 2017 Q3. 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.
Suntrust Banks, Georgia-based fund reported 65,009 shares. Bridgeway reported 34,500 shares or 0.02% of all its holdings. Moreover, Swiss State Bank has 0% invested in Cubic Corporation (NYSE:CUB) for 42,900 shares. Brinker Cap Inc holds 0.01% or 4,962 shares in its portfolio. Alliancebernstein Limited Partnership reported 0% stake. Wellington Management Group Ltd Liability Partnership owns 0.03% invested in Cubic Corporation (NYSE:CUB) for 2.21M shares. Pnc Svcs Gp Inc reported 2,240 shares or 0% of all its holdings. Sector Pension Investment Board invested in 0% or 15,812 shares. Voya Investment Mngmt Limited reported 0% in Cubic Corporation (NYSE:CUB). 412,761 are held by Price T Rowe Associate Md. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% of its portfolio in Cubic Corporation (NYSE:CUB). Schwab Charles Invest Mgmt Inc stated it has 187,541 shares. Barclays Public Limited Company has invested 0% of its portfolio in Cubic Corporation (NYSE:CUB). Parametric Portfolio Associate Ltd Liability stated it has 37,538 shares or 0% of all its holdings. Moreover, Moors Cabot has 0.07% invested in Cubic Corporation (NYSE:CUB).

The stock of Cubic Corporation (NYSE:CUB) reached all time high today, Mar, 14 and still has $69.42 target or 6.00 % above today’s $65.49 share price. This indicates more upside for the $1.78B company. This technical setup was reported by Barchart.com. If the $69.42 PT is reached, the company will be worth $106.98 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.29% or $0.19 during the last trading session, reaching $65.49. About 96,040 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 96.31 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 had 21 analyst reports since September 17, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James to “Buy” on Friday, September 22. As per Thursday, August 10, the company rating was upgraded by J.P. Morgan. On Wednesday, November 25 the stock rating was upgraded by Benchmark to “Buy”. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by BB&T Capital on Tuesday, October 20. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, November 21 report. The stock has “Overweight” rating by JP Morgan on Thursday, August 10. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 4 report. J.P. Morgan downgraded Cubic Corporation (NYSE:CUB) rating on Monday, November 27. J.P. Morgan has “Hold” rating and $59.0 target. The stock of Cubic Corporation (NYSE:CUB) has “Outperform” rating given on Thursday, September 17 by Credit Suisse. The company was initiated on Wednesday, June 8 by Canaccord Genuity.

More recent Cubic Corporation (NYSE:CUB) news were published by: Prnewswire.com which released: “Cubic Strengthens C4ISR Business with Acquisition of MotionDSP” on February 22, 2018. Also Nasdaq.com published the news titled: “Cubic Corporation (CUB) Ex-Dividend Date Scheduled for February 28, 2018” on February 27, 2018. Prnewswire.com‘s news article titled: “Cubic Corporation Announces Semiannual Dividend” with publication date: February 19, 2018 was also an interesting one.

Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. The company has market cap of $1.78 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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