Impact of Brokerage Rating on Cummins Inc.(CMI)

Many Cummins Inc.(CMI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Cummins was Upgraded by Longbow to Buy on Jan 19, 2017. Company shares were Upgraded by Barclays on Jan 9, 2017 to Equal Weight, Raises Price Target to $ 135 from a previous price target of $108 .Cummins was Downgraded by CLSA to Outperform on Dec 1, 2016.

Company has reported several Insider transactions to the SEC, on Dec 5, 2016, Steven M Chapman (Group Vice President) sold 3,000 shares at 145.00 per share price.On Nov 30, 2016, Tony Satterthwaite (President – Distribution) sold 3,607 shares at 138.03 per share price.On Nov 30, 2016, Robert Herdman (director) sold 1,000 shares at 137.77 per share price.

Cummins Last issued its quarterly earnings results on Feb 9, 2017. The company reported $2.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $2.00. The company had revenue of $4500.00 million for the quarter, compared to analysts expectations of $4342.85 million. The companys revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.

Cummins Inc. (NYSE:CMI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.94 by 17 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 12 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Cummins Inc. (NYSE:CMI): The mean short term price target for Cummins Inc. (NYSE:CMI) has been established at $136.67 per share. The higher price target estimate is at $170 and the lower price target estimate is expected at $95 according to 15 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $21.27

Cummins Inc. (NYSE:CMI) witnessed a decline in the market cap on Tuesday as its shares dropped 0.58% or 0.89 points. After the session commenced at $152.12, the stock reached the higher end at $152.55 while it hit a low of $150.755. With the volume soaring to 1,456,880 shares, the last trade was called at $151.96. The company has a 52-week high of $153.62. The company has a market cap of $25,571 million and there are 168,275,120 shares in outstanding. The 52-week low of the share price is $93.27.

Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.


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