Drexel Hamilton analyst Brian Ruttenbur maintained a Buy rating on Cubic (CUB) today and set a price target of $85. The company’s shares opened today at $65.53.
Ruttenbur wrote:
“We have increased confidence in the ability of management to achieve 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 3-star analyst with an average return of 5.2% and a 52.6% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.
Currently, the analyst consensus on Cubic is a Moderate Buy with an average price target of $85.
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Cubic’s market cap is currently $1.74B and has a P/E ratio of 250.90. The company has a Price to Book ratio of 2.57.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CUB in relation to earlier this year.
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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.
