Deutsche Bank Analysts Give Cummins (CMI) a $169.00 Price Target
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.
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.
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