Cubic Receives a Buy from Canaccord Genuity

By Ryan Adsit

Canaccord Genuity analyst Kenneth Herbert reiterated a Buy rating on Cubic (NYSE: CUB) yesterday and set a price target of $48. The company’s shares opened today at $44.25.

According to, Herbert is a 4-star analyst with an average return of 6.1% and a 56.3% success rate. Herbert covers the Industrial Goods sector, focusing on stocks such as Transdigm Group Inc., CPI Aerostructures, and Spirit AeroSystems.

Cubic has an analyst consensus of Strong Buy, with a price target consensus of $48.33.

Cubic’s market cap is currently $1.19B and has a P/E ratio of 40.55. The company has a book value ratio of 1.6408.

Based on the recent corporate insider activity of 41 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. Most recently, in March 2016, Janice Hamby, a Director at CUB bought 30 shares for a total of $1,054.

Cubic Corp. engages in designing, development, production, installation, maintenance and operation of automated fare payment, traffic management and enforcement solutions, real-time information collection systems, and revenue management infrastructure and technologies for transportation agencies. It operates through the Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services), segments. The CGD Systems is a systems integrator of payment and information technology and services for intelligent travel solutions. The CGD Services segments provides training, operations, intelligence, maintenance, technical, and other support services to the U.S. government and its agencies and allied nations. The company was founded by Walter J. Zable in 1949 and headquartered in San Diego, CA.