Cummins (CMI) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Cummins (NYSE:CMI) in a research report report published on Monday. The brokerage currently has a $182.00 price objective on the stock.

A number of other analysts have also weighed in on CMI. ValuEngine raised shares of Cummins from a hold rating to a buy rating in a report on Friday, February 2nd. Oppenheimer upped their target price on shares of Cummins to $207.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Seaport Global Securities reaffirmed a neutral rating on shares of Cummins in a report on Tuesday, January 16th. Barclays reaffirmed an equal weight rating and set a $191.00 target price (up previously from $180.00) on shares of Cummins in a report on Wednesday, January 24th. Finally, Citigroup upped their target price on shares of Cummins from $175.00 to $183.00 and gave the stock a neutral rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $185.96.

Shares of Cummins (NYSE CMI) opened at $165.73 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.57. The firm has a market cap of $28,669.23, a P/E ratio of 27.85, a P/E/G ratio of 1.17 and a beta of 1.14. Cummins has a twelve month low of $143.83 and a twelve month high of $194.18.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.38. The business 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 revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. analysts forecast that Cummins will post 11.94 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CMI. Advisory Services Network LLC boosted its stake in shares of Cummins by 0.3% in the 2nd quarter. Advisory Services Network LLC now owns 15,459 shares of the company’s stock valued at $2,508,000 after purchasing an additional 51 shares in the last quarter. Security National Bank of SO Dak boosted its stake in shares of Cummins by 1.9% in the 2nd quarter. Security National Bank of SO Dak now owns 4,856 shares of the company’s stock valued at $788,000 after purchasing an additional 90 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Cummins by 1.7% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 5,639 shares of the company’s stock valued at $915,000 after purchasing an additional 95 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Cummins by 8.1% in the 4th quarter. Advisor Partners LLC now owns 3,596 shares of the company’s stock valued at $680,000 after purchasing an additional 269 shares in the last quarter. Finally, Kessler Investment Group LLC boosted its stake in shares of Cummins by 1.8% in the 4th quarter. Kessler Investment Group LLC now owns 18,785 shares of the company’s stock valued at $3,318,000 after purchasing an additional 329 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

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About Cummins

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.

Analyst Recommendations for Cummins (NYSE:CMI)

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