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Equities research analysts at Robert W. Baird hoisted their price target on shares of Cummins (NYSE:CMI) from $131.00 to $139.00 in a research note issued to investors on Friday, American Banking and Market News reports. Robert W. Baird’s target price points to a potential upside of 3.48% from the stock’s previous close.

A number of other firms have also recently commented on CMI. Analysts at Wells Fargo & Co. upgraded shares of Cummins from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Wolfe Research initiated coverage on shares of Cummins in a research note to investors on Friday, January 17th. They set an “outperform” rating on the stock. Finally, analysts at Susquehanna initiated coverage on shares of Cummins in a research note to investors on Friday, January 17th. They set a “positive” rating and a $165.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Cummins has a consensus rating of “Buy” and a consensus price target of $139.31.

Shares of Cummins (NYSE:CMI) traded up 2.71% during mid-day trading on Friday, hitting $134.33. 2,581,192 shares of the company’s stock traded hands. Cummins has a 52-week low of $103.41 and a 52-week high of $141.67. The stock has a 50-day moving average of $134.7 and a 200-day moving average of $130.6. The company has a market cap of $24.999 billion and a P/E ratio of 17.32.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.98 by $0.34. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Cummins will post $9.14 earnings per share for the current fiscal year.

Cummins Inc is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power.

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