Cummins (NYSE:CMI) Price Target Cut to $525.00 by Analysts at Citigroup

Key Points

• Citigroup cut its Cummins price target to $525 from $630 but kept a Buy rating, implying 16.52% upside from the share price cited in the report.
• Analyst views remain broadly positive: Cummins has a “Moderate Buy” consensus rating and an average price target of $674.53, though several firms have recently lowered targets.
• Quarterly EPS of $8.25 topped estimates, but revenue of $9.44 billion fell short; Cummins also lowered its FY2026 revenue outlook, citing weakness in pickup trucks.

Cummins (NYSE:CMI - Get Free Report) had its target price decreased by Citigroup from $630.00 to $525.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 16.52% from the company's current price.

A number of other equities analysts have also weighed in on CMI. Sanford C. Bernstein reissued a "market perform" rating and issued a $700.00 price target on shares of Cummins in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Cummins from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, August 31st. Wells Fargo & Company reduced their price objective on shares of Cummins from $608.00 to $520.00 and set an "overweight" rating for the company in a report on Friday. Bank of America decreased their target price on shares of Cummins from $731.00 to $600.00 in a research report on Thursday, September 24th. Finally, Wall Street Zen lowered shares of Cummins from a "buy" rating to a "hold" rating in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $674.53.

Cummins Trading Up 0.4%

NYSE:CMI traded up $1.98 on Friday, reaching $450.56. 2,137,566 shares of the stock traded hands, compared to its average volume of 1,025,637. The company's 50 day moving average is $528.92 and its 200-day moving average is $600.18. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. Cummins has a 1-year low of $443.62 and a 1-year high of $737.76. The firm has a market capitalization of $62.02 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26.

Cummins (NYSE:CMI - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $8.25 earnings per share for the quarter, topping the consensus estimate of $8.20 by $0.05. Cummins had a return on equity of 25.29% and a net margin of 7.82%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company posted $5.59 EPS. The business's quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Cummins will post 29.98 EPS for the current fiscal year.

Insider Transactions at Cummins

In other Cummins news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $572.22, for a total value of $399,409.56. Following the sale, the vice president owned 4,479 shares of the company's stock, valued at approximately $2,562,973.38. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Valmark Advisers Inc. grew its position in Cummins by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 877 shares of the company's stock valued at $472,000 after acquiring an additional 16 shares in the last quarter. Guardian Partners Inc. lifted its position in shares of Cummins by 1.0% during the first quarter. Guardian Partners Inc. now owns 1,584 shares of the company's stock worth $852,000 after purchasing an additional 16 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Cummins by 2.0% during the second quarter. Legacy Financial Advisors Inc. now owns 955 shares of the company's stock worth $681,000 after purchasing an additional 19 shares in the last quarter. Sage Private Wealth Group LLC boosted its stake in shares of Cummins by 3.0% in the third quarter. Sage Private Wealth Group LLC now owns 660 shares of the company's stock valued at $341,000 after purchasing an additional 19 shares during the period. Finally, Ariadne Wealth Management LP boosted its stake in shares of Cummins by 5.1% in the first quarter. Ariadne Wealth Management LP now owns 415 shares of the company's stock valued at $223,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 83.46% of the company's stock.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Data-center demand is surging, and Cummins cited shipment recovery and capacity expansion as growth supports. Quarterly profit also increased substantially year over year. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
• Negative Sentiment: Cummins cut its FY 2026 revenue outlook to $37.0 billion, below the roughly $37.7 billion analyst estimate, citing weakness in pickup trucks. Q3 revenue of $9.44 billion also fell short of estimates, tempering the profit growth. Cummins Q3 Profit More Than Doubles; Cuts FY26 Revenue Outlook
• Negative Sentiment: Truist cut its price target to $637 from $779, while retaining a Buy rating. Wells Fargo lowered its target to $520 from $608 but maintained Overweight. The reductions reflect a more cautious outlook, although both firms’ targets remain above the recent share price. Truist Financial ratings Wells Fargo ratings

Cummins Company Profile

Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.

The company's offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.

Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.

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