Stock To Watch: CubeSmart (NYSE:CUBE)


The leading market experts have placed a mean price target of $33.42 on CubeSmart (NYSE:CUBE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $1.41 for the current fiscal.

Technical View

The technical analysis of CubeSmart Common Shares plainly substantiates that the 50-day moving average of CubeSmart Common Shares is $30.20, and stock is trading $-2.19 points away or -7.25% from its 50-day moving average of $30.20. Further it is trading $-2.82 or -9.14% away its 200-day moving average of $30.83. CubeSmart (NYSE:CUBE) 52-week high is $33.52 and the 52-week low is $24.32.

This explains if the stock moves $-5.51, it will post a 52-week high. In event of +15.17% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of CubeSmart Common Shares, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CubeSmart (NYSE:CUBE) ratio came in at 56.82.

The stock last ended the trading session at $28.01 and registered a market cap of $5.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CubeSmart (NYSE:CUBE) PEG ratio is at 2.42.

1 Chart Pattern Every Investor Should Know

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