Drexel Hamilton Believes Cubic (CUB) Still Has Room to Grow


Drexel Hamilton analyst Brian Ruttenbur maintained a Buy rating on Cubic (NYSE: CUB) today and set a price target of $85. The company’s shares closed yesterday at $76.75, close to its 52-week high of $77.35.

Ruttenbur observed:

“We recently met with management and have confidence in its 2020 goals. We believe internal revenue growth of 10% CAGR and an increase of 400BP – 550BP of margin expansion is realistic by 2020.”

According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 10.3% and a 78.7% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.

Cubic has an analyst consensus of Strong Buy, with a price target consensus of $77.67.

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Cubic’s market cap is currently $2.09B and has a P/E ratio of 301.22. The company has a Price to Book ratio of 3.09.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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Cubic Corp. engages in the provision of integrated technology solutions. It operates through the following segments: Cubic Transportation Systems, Cubic Global Defense Services, and Cubic Global Defense Systems.

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