Shares of Cummins Inc. (NYSE:CMI) have earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $188.18.

CMI has been the topic of a number of research reports. Seaport Global Securities restated a “neutral” rating on shares of Cummins in a report on Tuesday, January 16th. Stifel Nicolaus restated a “hold” rating and issued a $190.00 price target (up from $186.00) on shares of Cummins in a report on Wednesday, November 1st. Zacks Investment Research lowered Cummins from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Citigroup upped their target price on Cummins from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Finally, BMO Capital Markets upped their target price on Cummins from $185.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th.

Cummins (CMI) traded up $0.37 during mid-day trading on Friday, reaching $166.00. The company’s stock had a trading volume of 1,932,983 shares, compared to its average volume of 1,537,467. The company has a current ratio of 1.57, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $27,330.00, a price-to-earnings ratio of 27.99, a PEG ratio of 1.17 and a beta of 1.14. Cummins has a 52-week low of $143.83 and a 52-week 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 Thomson Reuters’ 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 return on equity of 22.18% and a net margin of 4.89%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 earnings per share. sell-side analysts expect that Cummins will post 12.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Friday, February 23rd will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.60%. Cummins’s dividend payout ratio (DPR) is presently 72.73%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMI. Risk Paradigm Group LLC acquired a new position in shares of Cummins in the fourth quarter valued at approximately $127,000. Northwest Investment Counselors LLC acquired a new stake in Cummins during the third quarter worth approximately $132,000. Bank of Nova Scotia Trust Co. acquired a new stake in Cummins during the third quarter worth approximately $168,000. Krilogy Financial LLC acquired a new stake in Cummins during the third quarter worth approximately $168,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Cummins during the fourth quarter worth approximately $205,000. 83.06% of the stock is currently owned by hedge funds and other institutional investors.

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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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