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Cummins (CMI)
NYSE:CMI
Cummins (CMI) Stock Price & Analysis
2,006 Followers
CMI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$208.63 - $302.46
Previous Close$288.93
Volume909.72K
Average Volume (3M)934.33K
Market Cap
$39.52B
Enterprise Value$44.34B
Total Cash (Recent Filing)$3.05B
Total Debt (Recent Filing)$6.83B
Price to Earnings (P/E)21.3
Beta1.05
Next Earnings
Aug 01, 2024EPS Estimate
$4.83Next Dividend Ex-Date
Aug 23, 2024Dividend Yield2.36%
Share Statistics
EPS (TTM)13.59
Shares Outstanding136,779,875
10 Day Avg. Volume1,171,544
30 Day Avg. Volume934,329
Standard Deviation0.08
R-Squared0.46
Alpha0.00319
Financial Highlights & Ratios
Price to Book (P/B)9.89
Price to Sales (P/S)4.51
Price to Cash Flow (P/CF)6.50
P/FCF Ratio9.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.30
Enterprise Value/Gross Profit5.37
Enterprise Value/Ebitda10.46
Forecast
1Y Price Target
$286.80Price Target Upside-4.22% Downside
Rating ConsensusHold
Number of Analyst Covering8
Cummins News
PremiumCompany Announcements
Cummins Senior VP Tony Satterthwaite Set to RetireBulls Say, Bears Say
Bulls Say
Data CentersData centers are expected to generate $3-4 billion in revenue by 2030, backed by several multi-year contracts with hyperscalers.
Power SystemsCummins' diversification into Power Systems shows growth trends, particularly in the data center sector.
Revenue GrowthCMI is now targeting 2030 revenue of $43-48 billion in total, with a midpoint increase of $2 billion compared to 2022 targets.
Bears Say
Market ChallengesThe company faces challenges with up-sizing in electrolyzers and a pull-back in e-axles, which could impact future growth.
Revenue ExpectationsCMI downwardly revised Accelera 2030 revenue expectations to $3-9 billion, indicating a slower ramp.
Truck Market ConcernsAnalyst maintains a Neutral rating on the stock due to concerns with US truck market oversupply in the near-term.
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Ownership Overview
1.49% Insiders
26.89% Mutual Funds
24.74% Other Institutional Investors
46.88% 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 $208.63 and its highest was $302.46 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 Aug 01, 2024 which is in 15 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 Overvalued.
Does Cummins pay dividends?
Cummins pays a Quarterly dividend of $1.82 which represents an annual dividend yield of 2.36%. See more information on Cummins dividends here
What is Cummins’s EPS estimate?
Cummins’s EPS estimate is $4.83.
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 796M.
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Cummins Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$286.80 (-4.22% Downside)
$286.80 (-4.22% Downside)
Blogger Sentiment
Bullish
CMI Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 13.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 4.0%
Last 30 Days ▲ 4.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.71%
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
$286.80
▼(-4.22% Downside)
Technical Analysis
Best Analysts Covering CMI
1 Year
1 Year Success Rate
8/12 ratings generated profit
1 Year Average Return
+11.07%
reiterated a buy rating 2 months ago
Copying Matt Elkott's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +11.07% per trade.
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