Price Action To Observe: After Today’s Huge Increase, Is Cubic Corporation’s Near-Term Analysis Positive?

Price Action To Observe: After Today's Huge Increase, Is Cubic Corporation's Near Term Analysis Positive?

The stock of Cubic Corporation (NYSE:CUB) is a huge mover today! The stock increased 6.00% or $2.65 on November 22, hitting $46.85. About 317,213 shares traded hands or 25.87% up from the average. Cubic Corporation (NYSE:CUB) has risen 7.39% since April 20, 2016 and is uptrending. It has outperformed by 2.83% the S&P500.
The move comes after 6 months positive chart setup for the $1.13 billion company. It was reported on Nov, 22 by Barchart.com. We have $50.13 PT which if reached, will make NYSE:CUB worth $79.10 million more.

Analysts await Cubic Corporation (NYSE:CUB) to report earnings on November, 28. They expect $0.56 EPS, down 46.67% or $0.49 from last year’s $1.05 per share. CUB’s profit will be $13.51 million for 20.92 P/E if the $0.56 EPS becomes a reality. After $0.17 actual EPS reported by Cubic Corporation for the previous quarter, Wall Street now forecasts 229.41% EPS growth.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Out of 5 analysts covering Cubic Corporation (NYSE:CUB), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cubic Corporation has been the topic of 6 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The rating was upgraded by Benchmark on Wednesday, November 25 to “Buy”. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, June 8. The rating was initiated by BB&T Capital on Tuesday, October 20 with “Buy”. The company was maintained on Friday, October 14 by Needham. As per Thursday, September 17, the company rating was upgraded by Credit Suisse.

According to Zacks Investment Research, “Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. Cubic Transportation Systems designs, manufactures and integrates automatic fare collection systems for public transit projects throughout the world. This includes rail, bus and parking lot systems. The company supplies contactless smart cards; magnetic stripe cards; device software; and transit hardware including gates, ticket machines and card readers. Cubic Defense Applications provides realistic live combat training systems for military forces as well as virtual training systems, constructive simulation support, force modernization, battle command training and education and engineering & technical support.”

Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.22, from 1.19 in 2016Q1. The ratio improved, as 10 funds sold all Cubic Corporation shares owned while 47 reduced positions. 15 funds bought stakes while 53 increased positions. They now own 23.68 million shares or 0.14% more from 23.65 million shares in 2016Q1.
The Texas-based Capstone Asset Mgmt has invested 0.01% in Cubic Corporation (NYSE:CUB). The New York-based Morgan Stanley has invested 0% in Cubic Corporation (NYSE:CUB). Louisiana State Employees Retirement Sys accumulated 0.02% or 9,700 shares. Bryn Mawr Trust Com, a Pennsylvania-based fund reported 60,294 shares. New York State Common Retirement Fund accumulated 217,068 shares or 0.01% of the stock. First Pacific Ltd Company last reported 556,247 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Cubic Corporation (NYSE:CUB) for 518 shares. The Michigan-based Comerica Retail Bank has invested 0.01% in Cubic Corporation (NYSE:CUB). Advisory Service Network Limited Liability Corporation holds 91 shares or 0% of its portfolio. Swiss State Bank reported 37,100 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Price T Rowe Associates Md accumulated 0% or 548,050 shares. Automobile Association has 0.04% invested in the company for 267,698 shares. American Finance Group Inc Incorporated holds 5,226 shares or 0.02% of its portfolio. Springbank Value Limited Partnership accumulated 2.79% or 41,197 shares.

Insider Transactions: Since August 19, 2016, the stock had 1 buy, and 0 sales for $9,520 net activity. 200 shares with value of $9,520 were bought by Hamby Janice M. on Friday, August 19.

More recent Cubic Corporation (NYSE:CUB) news were published by: Seekingalpha.com which released: “Cubic Corporation’s (CUB) CEO Brad Feldmann on Q4 2016 Results – Earnings Call …” on November 21, 2016. Also Seekingalpha.com published the news titled: “Have You Heard Of Cubic Corporation?” on October 18, 2016. Equitiesfocus.com‘s news article titled: “Cubic Corporation (NYSE:CUB) Dividend At $0.135 Per Share” with publication date: November 21, 2016 was also an interesting one.

CUB Company Profile

Cubic Corporation (Cubic), incorporated on December 13, 1984, is an international well-known provider of systems and solutions that address the mass transit and global defense markets. The Firm operates through three divisions across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services). The Firm operates in approximately five continents and in over 30 countries.

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