At the time of writing, CubeSmart [CUBE] stock is trading at $49.07, up 2.23%. 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 2.96% over the last week, with a monthly amount drifted -3.46%, and not 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 September 13, 2024, when UBS downgraded its rating to a Neutral and also boosted its price target to $54 from $53. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on September 10, 2024, and set its price target to $56. On August 22, 2024, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $53 on the stock. BMO Capital Markets downgraded its rating to a Market Perform and decreased its price target to $47 on May 29, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $48 as its price target on March 27, 2024. Deutsche Bank started tracking with a Sell rating for this stock on January 30, 2024, and assigned it a price target of $40. In a note dated January 02, 2024, Jefferies upgraded an Buy rating on this stock and boosted its target price from $38 to $53.
For the past year, the stock price of CubeSmart fluctuated between $35.58 and $55.14. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. CubeSmart [NYSE: CUBE] shares were valued at $49.07 at the most recent close of the market. An investor can expect a potential return of 5.97% 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 1.13% 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 0.06, Equity is 0.14 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.03.
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 47.94 points at the first support level, and at 46.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.65, and for the 2nd resistance point, it is at 50.22.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.49, the price to book ratio is 3.98 and price to earnings (TTM) ratio is 27.67.
Transactions by insiders
Recent insider trading involved Schulte Jennifer, Chief Human Resources Officer, that happened on Sep 11 ’24 when 15942.0 shares were sold. Chief Accounting Officer, DeNarie Matthew D completed a deal on Sep 13 ’24 to sell 868.0 shares. Meanwhile, Officer Schulte Jennifer bought 15942.0 shares on Sep 11 ’24.
