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.

Cummins (NYSE:CMI) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.38. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Cummins had a net margin of 4.89% and a return on equity of 22.18%. Cummins’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. analysts expect that Cummins will post 12.44 earnings per share for the current year.

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.

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About Cummins

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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