Deutsche Bank set a $169.00 price objective on Cummins (NYSE:CMI) in a report released on Monday. The firm currently has a sell rating on the stock.

A number of other equities research analysts have also weighed in on the company. Citigroup boosted their price objective on Cummins from $185.00 to $200.00 and gave the stock a neutral rating in a research report on Monday. Stifel Nicolaus restated a hold rating and set a $182.00 price objective on shares of Cummins in a research report on Monday. Oppenheimer boosted their price objective on Cummins to $207.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. ValuEngine upgraded Cummins from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, Barclays restated an equal weight rating and set a $191.00 price objective (up previously from $180.00) on shares of Cummins in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $185.96.

Shares of Cummins (CMI) opened at $172.74 on Monday. The firm has a market capitalization of $28,670.00, a price-to-earnings ratio of 29.08, a P/E/G ratio of 1.22 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 current ratio of 1.57, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.28% and a net margin of 8.49%. Cummins’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. analysts forecast that Cummins will post 10.23 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in shares of Cummins in the 3rd quarter valued at about $132,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Cummins in the 3rd quarter valued at about $168,000. Krilogy Financial LLC bought a new stake in shares of Cummins in the 3rd quarter valued at about $168,000. SeaCrest Wealth Management LLC bought a new stake in shares of Cummins in the 4th quarter valued at about $205,000. Finally, Stock Yards Bank & Trust Co. acquired a new position in shares of Cummins in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

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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.

Analyst Recommendations for Cummins (NYSE:CMI)

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