At the time of writing, CubeSmart [CUBE] stock is trading at $51.42, down -0.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CUBE shares have gain 4.51% over the last week, with a monthly amount glided 7.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CubeSmart [NYSE: CUBE] stock has seen the most recent analyst activity on August 22, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $53. Previously, BMO Capital Markets downgraded its rating to Market Perform on May 29, 2024, and dropped its price target to $47. On March 27, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $48 on the stock. Deutsche Bank started tracking the stock assigning a Sell rating and suggested a price target of $40 on January 30, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $53 on January 02, 2024. BMO Capital Markets upgraded its rating to Outperform for this stock on December 15, 2023, and upped its price target to $49. In a note dated December 11, 2023, Evercore ISI downgraded an In-line rating on this stock and boosted its target price from $42 to $43.
For the past year, the stock price of CubeSmart fluctuated between $33.17 and $51.60. Currently, Wall Street analysts expect the stock to reach $47.83 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $51.42 at the most recent close of the market. An investor can expect a potential drop of -6.98% based on the average CUBE price forecast.
Analyzing the CUBE fundamentals
According to CubeSmart [NYSE:CUBE], the company’s sales were 1.06B for trailing twelve months, which represents an 2.07% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.13 points at the first support level, and at 50.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.81, and for the 2nd resistance point, it is at 52.20.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.92, the price to book ratio is 4.18 and price to earnings (TTM) ratio is 28.83.
Transactions by insiders
Recent insider trading involved MARTIN TIMOTHY M, CFO, that happened on Aug 14 ’24 when 30765.0 shares were sold. CEO, MARR CHRISTOPHER P completed a deal on Aug 13 ’24 to sell 37906.0 shares. Meanwhile, Officer MARTIN TIMOTHY M bought 30765.0 shares on Aug 14 ’24.
