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CUB

Cubic

$58.97

-2.035 (-3.34%)

07:29
11/30/18
11/30
07:29
11/30/18
07:29

Cubic remains on track to hit Goal 2020 objectives, says Canaccord

Canaccord analyst Ken Herbert noted Cubic successfully completed its secondary offering, which it will use to de-lever and for cash on hand for acquisitions. The analyst believes the company remains on track to meet its Goal 2020 objectives, which he believes is not yet reflected in the stock price. He views the recent pullback as a buying opportunity. Herbert reiterated his Buy rating, though he lowered his price target to $74 from $78 on Cubic shares.

  • 29

    Nov

CUB Cubic
$58.97

-2.035 (-3.34%)

11/30/18
JPMS
11/30/18
UPGRADE
Target $73
JPMS
Overweight
Cubic upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Mark Strouse upgraded Cubic Corp. to Overweight while lowering his price target for the shares to $73 from $75. The analyst cites valuation for the upgrade as he views the recent pullback in the stock as a buying opportunity.
11/16/18
NEED
11/16/18
UPGRADE
Target $80
NEED
Buy
Cubic upgraded to Buy from Hold at Needham
Needham analyst James Ricchiuti upgraded Cubic to Buy from Hold with a price target of $80 after its "solid" Q4 results. The analyst notes that the company's FY20 targets now appear to be "well within reach" following the 11% increase in its backlog during Q4 to a record $4.1B. Ricchiuti attributes the backlog increase in part to "another major award in its Transportation business" - a $394M contract in San Francisco. The analyst further cites Cubic's attractive valuation in his rating change, saying that the 15% sell-off in its stock price from the highs has put its enterprise value to out-year expected adjusted EBITDA multiple at less than 11-times.
11/16/18
ADAM
11/16/18
NO CHANGE
Target $78
ADAM
Buy
Cubic well positioned for longer-term upside, says Canaccord
Canaccord analyst Ken Herbert noted Cubic reported Q4 results that were in-line with expectations. The analyst believes the narrative on the company continues to be a transition to execution on its backlog and the potential for some top-line catalysts. He believes the company is well positioned as urban transportation evolves due to increased congestion, autonomous capabilities, and digital technologies. Herbert reiterated his Buy rating and $78 price target on Cubic shares.
08/09/18
ADAM
08/09/18
NO CHANGE
Target $78
ADAM
Buy
Cubic results provide increased confidence, says Canaccord
Canaccord analyst Ken Herbert said Cubic reported strong Q1 results which increased his confidence in the company's long-term goals. The analyst said the shares are reflecting increased confidence in the full-year 2018 results, and increased confidence in margin expansion and Goal 2020 opportunity. Herbert reiterated his Buy rating and raised his price target to $78 from $76 on Cubic shares.

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ESYJY

easyJet

$0.00

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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

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DLAKY

Lufthansa

$0.00

(0.00%)

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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

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0.27 (0.24%)

LOW

Lowe's

$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

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ICAGY

IAG

$0.00

(0.00%)

20:23
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20:23
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Initiation
IAG initiated at Goldman Sachs »

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RYAAY

Ryanair

$86.27

0.52 (0.61%)

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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
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Valaris initiated at Deutsche Bank »

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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

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SAFE

Safehold

$34.59

-1.33 (-3.70%)

19:38
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HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

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HAL

Halliburton

$19.89

-0.26 (-1.29%)

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BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

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S&P 500

$0.00

(0.00%)

19:17
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SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

SPX

S&P 500

$0.00

(0.00%)

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

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