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Cubic (NYSE:CUB) target price lowered to $45.00, reported today by Needham

Yesterday Cubic (NYSE:CUB) traded 0.00% even at $40.03. The company’s 50-day moving average is $46.53 and its 200-day moving average is $42.60. The last stock close price is down -6.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 162,640

Cubic (NYSE:CUB) had its target price lowered to $45.00 by Needham in a report released 10/14/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

See Chart Below

Cubic (NYSE:CUB)

Cubic has a 52 week low of $30.11 and a 52 week high of $49.79 with a P/E ratio of 37.13 The company’s market cap is currently $0.

In addition to Needham reporting its stock price target, a total of 5 brokers have issued a report on the company. The average stock price target is $50.60 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Cubic (NYSE:CUB)

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates through three segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems) and Cubic Global Defense Services (CGD Services). Its CTS segment is a systems integrator of payment and information technology and services for intelligent travel solutions. Its CGD Services segment offers training, operations, intelligence, maintenance, technical and other support services to the United States Government and its agencies and allied nations. Its CGD Systems segment is focused on two lines of business: training systems, which supplies to the Department of Defense (DoD) and approximately 40 allied nations, and secure communications (SC) products, which includes Intelligence, Surveillance and Reconnaissance (ISR) data links and modular networking.

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