TheStreet lowered shares of Cubic Co. (NYSE:CUB) from a buy rating to a hold rating in a research report sent to investors on Thursday, AnalystRatings.NET reports.

Shares of Cubic (NYSE:CUB) traded up 0.73% during mid-day trading on Thursday, reaching $39.91. The company’s stock had a trading volume of 43,107 shares. The firm has a market capitalization of $1.08 billion and a P/E ratio of 46.95. Cubic has a 12 month low of $39.52 and a 12 month high of $54.31. The company has a 50 day moving average of $45.36 and a 200-day moving average of $44.13.

Cubic (NYSE:CUB) last released its quarterly earnings results on Monday, November 23rd. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.22. The company earned $425.90 million during the quarter, compared to analyst estimates of $411.17 million. During the same quarter in the previous year, the business posted $1.22 EPS. Cubic’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Cubic will post $1.40 EPS for the current year.

Other equities research analysts have also issued reports about the company. Benchmark Co. upgraded Cubic from a hold rating to a buy rating and increased their price target for the stock from $50.00 to $58.00 in a research report on Wednesday, November 25th. BB&T Corp. initiated coverage on Cubic in a report on Tuesday, October 20th. They set a buy rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $53.50.

In related news, Chairman Walter C. Zable sold 183,060 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $44.81, for a total transaction of $8,202,918.60. Following the sale, the chairman now owns 958 shares of the company’s stock, valued at approximately $42,927.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter C. Zable sold 10,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $44.64, for a total value of $446,400.00. Following the sale, the chairman now directly owns 958 shares in the company, valued at approximately $42,765.12. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Cubic stock. Quantitative Systematic Strategies acquired a new stake in Cubic Co. (NYSE:CUB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,330 shares of the company’s stock, valued at approximately $302,000.

Cubic Corporation (NYSE:CUB) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS), Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30, 2013 (fiscal 2013), the Company’s CTS business accounted for approximately 38%; MSS and CDS accounted for approximately 62%. CTS specialize in the design, development, production, installation, maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators.

12 Month Chart for NYSE:CUB

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