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Cummins (CMI)
NYSE:CMI
Cummins (CMI) Stock Price & Analysis
1,951 Followers
CMI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$198.93 - $304.25
Previous Close$280.74
Volume1.06M
Average Volume (3M)3.30M
Market Cap
$38.40B
Enterprise Value$42.85B
Total Cash (Recent Filing)$3.30B
Total Debt (Recent Filing)$6.70B
Price to Earnings (P/E)20.7
Beta0.96
Next Earnings
Jul 30, 2024EPS EstimateN/A
Last Dividend Ex-Date
Feb 22, 2024Dividend Yield2.35%
Share Statistics
EPS (TTM)13.59
Shares Outstanding136,779,875
10 Day Avg. Volume929,611
30 Day Avg. Volume3,298,171
Standard Deviation0.08
R-Squared0.48
Alpha0.00340
Financial Highlights & Ratios
Price to Book (P/B)10.02
Price to Sales (P/S)1.13
Price to Cash Flow (P/CF)6.60
P/FCF Ratio9.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.26
Enterprise Value/Gross Profit5.19
Enterprise Value/Ebitda16.16
Forecast
1Y Price Target
$288.67Price Target Upside2.82% Upside
Rating ConsensusHold
Number of Analyst Covering16
Cummins News
PremiumMarket News
SPY ETF Update, 4/10/2024 
PremiumMarket News
SPY ETF Update, 4/8/2024 
Bulls Say, Bears Say
Bulls Say
Earnings ForecastAnalyst raises the price objective for the stock, reflecting a transition to mid cycle territory and a higher earnings multiple, indicating growing confidence in the company's financial health.
Innovation And Market PositionThe company's investments in alternative fuel solutions are poised to pay off, as it expects to see returns on pricing, strengthening its market position.
Segment PerformanceThe Power Systems segment demonstrates robust growth potential, especially with its strong performance driven by sustained demand in data centers and critical markets.
Bears Say
Investment In TechnologyCMI is investing heavily in its fuel agnostic platform to prepare for regulatory changes, which may hold back near-term margin expansion.
Revenue And Earnings ForecastCompany guided for 2024 consolidated revenue to be down 3.5% at the midpoint compared to analyst estimate of down 3.5% and consensus down 1.5%.
Valuation ConcernsAnalyst reiterates an Underperform rating with a Price Objective of 273.00 USD against a higher current price of 280.29 USD, indicating skepticism about the stock's current valuation.
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Ownership Overview
1.48% Insiders
27.20% Mutual Funds
28.67% Other Institutional Investors
42.65% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CMI FAQ
What was Cummins’s price range in the past 12 months?
Cummins lowest stock price was $198.93 and its highest was $304.25 in the past 12 months.
What is Cummins’s market cap?
Currently, no data Available
When is Cummins’s upcoming earnings report date?
Cummins’s upcoming earnings report date is Jul 30, 2024 which is in 85 days.
How were Cummins’s earnings last quarter?
Cummins released its earnings results on May 02, 2024. The company reported $5.1 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.04.
Is Cummins overvalued?
According to Wall Street analysts Cummins’s price is currently Undervalued.
Does Cummins pay dividends?
Cummins pays a Quarterly dividend of $1.68 which represents an annual dividend yield of 2.35%. See more information on Cummins dividends here
What is Cummins’s EPS estimate?
Cummins’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Cummins have?
Cummins has 136,779,880 shares outstanding.
What happened to Cummins’s price movement after its last earnings report?
Cummins reported an EPS of $5.1 in its last earnings report, beating expectations of $5.06. Following the earnings report the stock price went down -1.261%.
Which hedge fund is a major shareholder of Cummins?
Among the largest hedge funds holding Cummins’s share is Fisher Asset Management LLC. It holds Cummins’s shares valued at 621M.
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Cummins Stock Smart Score
Neutral
1
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4
5
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9
10
Analyst Consensus
Hold
Average Price Target:
$288.67 (2.82% Upside)
$288.67 (2.82% Upside)
Blogger Sentiment
Bullish
CMI Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 426.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $17.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 0.4%
Last 30 Days ▲ 0.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.68%
12-Months-Change
Fundamentals
Return on Equity
20.74%
Trailing 12-Months
Asset Growth
1.25%
Trailing 12-Months
Company Description
Cummins
Founded in 1919 and based in Indiana, Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through five segments: Engine, Distribution, Components, Power Systems and New Power.
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CMI Company Deck
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CMI Earnings Call
Q1 2024
0:00 / 0:00
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CMI Net sales Breakdown
33.85% Components
29.94% Distribution
26.05% Engine
9.17% Power Systems
0.99% Accelera
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CMI Stock 12 Months Forecast
Average Price Target
$288.67
▲(2.82% Upside)
Technical Analysis
Best Analysts Covering CMI
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+11.85%
assigned a buy rating 3 months ago
Copying Matt Elkott's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +11.85% per trade.
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