Investment Analysts’ Recent Ratings Changes for Cummins (CMI)

Cummins (NYSE: CMI) has recently received a number of price target changes and ratings updates:

  • 2/9/2018 – Cummins was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $193.00 price target on the stock. According to Zacks, “Cummins earnings and revenues topped the Zacks Consensus Estimate in the fourth-quarter. Both the metrics were higher than the year-ago figures. Moreover, the company provided a bullish outlook for fiscal 2018. It expects high profitability on the basis of higher sales and cost reduction initiatives in the current year. Cummins has also achieved its target of returning 50% of full-year operating cash flow to its shareholders in the form of share repurchases and dividends to boost their confidence in the company. It plans to achieve the same target in 2018 as well. Additionally, Cummins’ recent acquisitions in the electrified power segment will enable it to achieve the aim of being a leader in electrified power.”
  • 2/7/2018 – Cummins had its price target lowered by analysts at Credit Suisse Group AG from $208.00 to $205.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Cummins had its price target raised by analysts at Robert W. Baird from $157.00 to $159.00. They now have an “underperform” rating on the stock.
  • 2/6/2018 – Cummins was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 2/5/2018 – Cummins was given a new $169.00 price target on by analysts at Deutsche Bank AG. They now have a “sell” rating on the stock.
  • 2/5/2018 – Cummins had its price target raised by analysts at Citigroup Inc from $185.00 to $200.00. They now have a “neutral” rating on the stock.
  • 2/5/2018 – Cummins had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $182.00 price target on the stock.
  • 2/2/2018 – Cummins had its price target raised by analysts at Oppenheimer Holdings Inc. to $207.00. They now have an “outperform” rating on the stock.
  • 2/2/2018 – Cummins was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/24/2018 – Cummins had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $191.00 price target on the stock, up previously from $180.00.
  • 1/19/2018 – Cummins was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $215.00 price target on the stock.
  • 1/16/2018 – Cummins had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 1/2/2018 – Cummins was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cummins is poised to benefit from its innovative products and adoption of strategies like partnerships and acquisitions in order to record high returns. It also expects its market share to increase in emerging markets. Also, the company has raised its guidance for fiscal 2017 on the back of a double-digit revenue increase expectation across all segments. Moreover, Cummins has plans to return 50% of full-year operating cash flow to its shareholders in the form of share repurchases and dividends to boost their confidence in the company. However, the company is facing high compensation costs and selling, general and administrative expenses, which are hampering its financials. Also, in the last six months, the shares have underperformed in the industry it belongs to.”

Cummins Inc. (NYSE CMI) opened at $165.77 on Tuesday. The firm has a market cap of $27,510.00, a PE ratio of 27.91, a P/E/G ratio of 1.16 and a beta of 1.14. Cummins Inc. has a 12 month low of $143.83 and a 12 month high of $194.18. The company has a quick ratio of 1.01, a current ratio of 1.57 and a debt-to-equity ratio of 0.19.

Cummins (NYSE:CMI) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.38. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.23 billion. Cummins had a net margin of 4.89% and a return on equity of 22.18%. Cummins’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company posted $2.25 EPS. equities analysts anticipate that Cummins Inc. will post 12.44 earnings per share for the current fiscal year.

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.

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