Cummins (CMI) Earns Hold Rating from William Blair
Cummins (NYSE:CMI)‘s stock had its “hold” rating restated by analysts at William Blair in a research note issued to investors on Tuesday.
CMI has been the topic of a number of other research reports. Oppenheimer upped their price target on shares of Cummins to $207.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank set a $169.00 price target on shares of Cummins and gave the stock a “sell” rating in a research note on Monday, February 5th. Credit Suisse Group dropped their price target on shares of Cummins from $208.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of Cummins from $169.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Cummins from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Cummins presently has a consensus rating of “Hold” and a consensus price target of $188.18.
Cummins (CMI) opened at $166.00 on Tuesday. The stock has a market cap of $27,550.00, a PE ratio of 27.95, a P/E/G ratio of 1.17 and a beta of 1.14. Cummins has a one year low of $143.83 and a one year high of $194.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.01.
Institutional investors and hedge funds have recently bought and sold shares of the business. Risk Paradigm Group LLC bought a new position in Cummins during the 4th quarter valued at about $127,000. Northwest Investment Counselors LLC bought a new position in Cummins during the 3rd quarter valued at about $132,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Cummins during the 3rd quarter valued at about $168,000. Krilogy Financial LLC purchased a new stake in shares of Cummins during the 3rd quarter valued at about $168,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Cummins during the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 83.06% of the company’s stock.
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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