Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cubic (NYSE:CUB) Stock Price

News stories about Cubic (NYSE:CUB) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cubic earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 45.0972546542278 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

Shares of Cubic (NYSE:CUB) opened at $61.95 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.42. The company has a market capitalization of $1,685.51, a price-to-earnings ratio of -151.10 and a beta of 1.10. Cubic has a one year low of $39.58 and a one year high of $64.95.

Cubic (NYSE:CUB) last announced its quarterly earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.35. The business had revenue of $445.60 million for the quarter, compared to analyst estimates of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. Cubic’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.28) EPS. equities analysts forecast that Cubic will post 1.72 earnings per share for the current year.

A number of analysts have recently issued reports on CUB shares. Credit Suisse Group restated an “outperform” rating and set a $58.00 price objective (up from $49.00) on shares of Cubic in a research report on Wednesday, October 11th. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a research report on Monday, November 20th. Canaccord Genuity restated a “buy” rating and set a $55.00 price objective (up from $50.00) on shares of Cubic in a research report on Monday, September 25th. JPMorgan Chase & Co. cut Cubic from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research report on Monday, November 27th. Finally, Needham & Company LLC boosted their price objective on Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $60.60.

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About Cubic

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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