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Cummins (NYSE:CMI) has earned an average rating of “Buy” from the nineteen ratings firms that are covering the company, AnalystRatingsNetwork reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $162.80.

Shares of Cummins (NYSE:CMI) opened at 140.93 on Thursday. Cummins has a 1-year low of $121.66 and a 1-year high of $161.03. The stock’s 50-day moving average is $148.2 and its 200-day moving average is $146.. The company has a market cap of $25.748 billion and a P/E ratio of 16.73.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Monday, July 28th. The company reported $2.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.38 by $0.05. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the company posted $2.20 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 $9.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, August 20th. This is a boost from Cummins’s previous quarterly dividend of $0.63.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cummins in a research note on Wednesday, July 30th. They now have a $151.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Cummins from $2.00 to $174.00 in a research note on Tuesday, July 29th. Finally, analysts at Robert W. Baird raised their price target on shares of Cummins from $150.00 to $160.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock.

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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