Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Cubic (NYSE:CUB) on Thursday, setting a price target of $65, which is approximately 11.74% above the present share price of $58.17.
Herbert expects Cubic to post earnings per share (EPS) of -$0.04 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Cubic, with an average price target of $57.83.
The analysts price targets range from a high of $65 to a low of $52.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $350.44 million and a net profit of $28.06 million. The company's market cap is $1.91 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.2% and a 63.09% success rate.
Cubic Corp . is a technology provider of integrated solutions. The company designs, integrates and operates systems, products and services focused in the transportation, defense C4ISR and training markets. It operates through the following segments: Cubic Transportation Systems, Cubic Mission Solutions, and Cubic Global Defense Systems. The Cubic Transportation Systems segment designs, produces, installs, and services electronics revenue collection systems for mass transit projects, including railways and buses. The Cubic Mission Solutions segment provides C4ISR capabilities for defense, intelligence, security and commercial missions. The Cubic Global Defense Systems segment consists of customized military range instrumentation; laser based training systems, and virtual simulation systems. The company was founded by Walter J. Zable in 1949 and headquartered in San Diego, CA.