Cummins (NYSE:CMI) had its price objective upped by equities research analysts at Citigroup from $185.00 to $200.00 in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 7.89% from the company’s current price.
Other analysts also recently issued research reports about the company. Stifel Nicolaus reissued a “hold” rating and set a $182.00 target price on shares of Cummins in a research note on Monday. Oppenheimer began coverage on Cummins in a research note on Thursday, December 7th. They issued an “outperform” rating and a $192.00 price objective on the stock. Robert W. Baird reaffirmed a “sell” rating and issued a $155.00 price objective on shares of Cummins in a research note on Wednesday, November 1st. Barclays began coverage on Cummins in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $180.00 price objective on the stock. Finally, Piper Jaffray Companies set a $159.00 price objective on Cummins and gave the stock a “hold” rating in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $183.41.
Shares of Cummins (CMI) traded up $1.06 on Monday, reaching $185.37. The company had a trading volume of 189,942 shares, compared to its average volume of 1,219,659. The company has a market cap of $30,589.47, a P/E ratio of 18.70, a PEG ratio of 1.26 and a beta of 1.14. Cummins has a 52 week low of $143.83 and a 52 week high of $194.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.03.
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Cummins Company Profile
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.
