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Cummins (CMI)
NYSE:CMI
Cummins (CMI) Stock Price & Analysis
1,952 Followers
CMI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$198.93 - $304.25
Previous Close$286.91
Volume756.79K
Average Volume (3M)3.31M
Market Cap
$39.24B
Enterprise Value$43.69B
Total Cash (Recent Filing)$3.30B
Total Debt (Recent Filing)$6.70B
Price to Earnings (P/E)20.9
Beta0.96
Next Earnings
Jul 30, 2024EPS Estimate
$4.84Last Dividend Ex-Date
Feb 22, 2024Dividend Yield2.33%
Share Statistics
EPS (TTM)13.59
Shares Outstanding136,779,875
10 Day Avg. Volume897,351
30 Day Avg. Volume3,309,013
Standard Deviation0.08
R-Squared0.48
Alpha0.00340
Financial Highlights & Ratios
Price to Book (P/B)10.12
Price to Sales (P/S)1.15
Price to Cash Flow (P/CF)6.70
P/FCF Ratio9.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.28
Enterprise Value/Gross Profit5.30
Enterprise Value/Ebitda16.48
Forecast
1Y Price Target
$289.86Price Target Upside0.28% Upside
Rating ConsensusHold
Number of Analyst Covering15
Cummins News
PremiumMarket News
SPY ETF Update, 4/10/2024 
PremiumPre-Earnings
Cummins Inc (CMI) Q1 Earnings Cheat Sheet
Bulls Say, Bears Say
Bulls Say
Financial OutlookCummins Inc. reported solid results and raised expectations on an underlying basis.
Market ShareCMI is well positioned for a China recovery, having gained market share in both On- and Off-Highway markets in recent years.
Regulatory PositioningCummins Inc.'s HELM engine platform is well-positioned for EPA 2027 regulations, supported by substantial R&D investment.
Bears Say
Financial GuidanceCompany guided for 2024 consolidated revenue to be down 3.5% at the midpoint compared to our estimate of down 3.5% and consensus down 1.5%.
Industry OutlookDespite raising heavy duty truck forecasts, there is caution due to a potential production downturn and lower truck orders in the medium term.
Stock ValuationAnalyst 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
30.61% Other Institutional Investors
40.72% 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 82 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 $5.093 by $0.007.
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 2.33%. See more information on Cummins dividends here
What is Cummins’s EPS estimate?
Cummins’s EPS estimate is $4.84.
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 $5.093. 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
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Analyst Consensus
Hold
Average Price Target:
$289.86 (0.28% Upside)
$289.86 (0.28% 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 $18.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.39%
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 Month Forecast
Average Price Target
$289.86
▲(0.28% Upside)
Technical Analysis
Best Analysts Covering CMI
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+12.19%
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 +12.19% per trade.
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