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Cummins (CMI)
NYSE:CMI
Cummins (CMI) Stock Price & Analysis
1,941 Followers
CMI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$198.93 - $304.25
Previous Close$291.36
Volume92.00
Average Volume (3M)3.27M
Market Cap
$41.58B
Enterprise Value$45.78B
Total Cash (Recent Filing)$3.30B
Total Debt (Recent Filing)$6.70B
Price to Earnings (P/E)56.6
Beta0.95
Next Earnings
May 02, 2024EPS Estimate
$5.1Last Dividend Ex-Date
Feb 22, 2024Dividend Yield2.24%
Share Statistics
EPS (TTM)5.11
Shares Outstanding141,856,847
10 Day Avg. Volume928,504
30 Day Avg. Volume3,265,078
Standard Deviation0.08
R-Squared0.48
Alpha0.00356
Financial Highlights & Ratios
Price to Book (P/B)10.95
Price to Sales (P/S)1.23
Price to Cash Flow (P/CF)7.20
P/FCF Ratio10.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit5.55
Enterprise Value/Ebitda17.27
Forecast
1Y Price Target
$285.80Price Target Upside-2.50% Downside
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
Financial PerformanceAnalyst adjusts earnings per share estimates upwards and raises price target, signaling increased confidence in the company's financial prospects.
Market ExpansionThe company is expanding its footprint in China and has gained significant market share in both On- and Off-Highway markets, indicating potential for growth.
Research & DevelopmentR&D spending is expected to peak soon and return to more normal levels, potentially improving the company's financial efficiency.
Bears Say
EarningsMixed 4Q23 results with sales/EBITDA mixed vs. expectations and EPS ex-items moderately below consensus.
Financial PerformanceNorth America truck production is expected to fall double-digits in 2024, which may negatively impact CMI's performance.
Investment RisksCMI's Accelera unit is expected to lose $420-440 million of EBITDA in 2023, with a cautious outlook on the hydrogen ecosystem.
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Ownership Overview
1.42% Insiders
26.82% Mutual Funds
24.86% Other Institutional Investors
46.90% 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 May 02, 2024 which is in 14 days.
How were Cummins’s earnings last quarter?
Cummins released its earnings results on Feb 06, 2024. The company reported $4.14 earnings per share for the quarter, missing the consensus estimate of $4.45 by -$0.31.
Is Cummins overvalued?
According to Wall Street analysts Cummins’s price is currently Overvalued.
Does Cummins pay dividends?
Cummins pays a Quarterly dividend of $1.68 which represents an annual dividend yield of 2.24%. See more information on Cummins dividends here
What is Cummins’s EPS estimate?
Cummins’s EPS estimate is $5.1.
How many shares outstanding does Cummins have?
Cummins has 141,856,840 shares outstanding.
What happened to Cummins’s price movement after its last earnings report?
Cummins reported an EPS of $4.14 in its last earnings report, missing expectations of $4.45. Following the earnings report the stock price went up 4.324%.
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
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$285.80 (-2.50% Downside)
$285.80 (-2.50% Downside)
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 ▲ 1.2%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.82%
12-Months-Change
Fundamentals
Return on Equity
8.25%
Trailing 12-Months
Asset Growth
5.63%
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
Q4 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
$285.80
▼(-2.50% Downside)
Technical Analysis
Best Analysts Covering CMI
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+14.05%
assigned a buy rating 2 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 +14.05% per trade.
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