Cubic Corp (NYSE:CUB):
Cubic to Continue Delivery of Revenue Collection Services for Transport for London with Contract Extension.
In the market the company is trading down by 0.05% percent from yesterday’s close.
Cubic Corporation (Cubic), launched on December 13, 1984, designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services). The Business’s CTS segment is a systems integrator of payment and information technology and services for travel solutions. The Business’s CGD Systems is focused on two primary lines of business: training systems and secure communications (SC) products. The Business’s CGD Services segment is a provider of training, operations, intelligence, maintenance, technical and other support services to the United States government and its agencies and allied nations..
The P/E ratio is currently N/A and market cap is 1.43B. As of the latest earnings report the EPS was $-1.18 with 27.13M shares presently outstanding.
Traders are feeling more bearish on shares of Cubic Corp of late as indicated by the motion in short interest. The firm saw a rise in short interest between October 13, 2017 and October 31, 2017 of 5.17%. Short interest increased 73,327 over that period. The days to cover increased to 11.0 and the short interest percentage is 0.05% as of October 31.
Several Wall Street investment firms have weighed in on the company of late. October 11 investment analysts at Credit Suisse Group maintained a company rating of “Outperform” targeting a price of $58.00. On September 28 Needham & Company LLC maintained a stock rating of “Buy” projecting a price of $56.00.
On September 25 Canaccord Genuity kept the stock rating at “Buy” with a current price target of $55.00.
On August 10 Canaccord Genuity made no change to the company rating of “Buy” with a current price target of $50.00.