Cummins (NYSE:CMI) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Cummins has been upgraded by Zacks Research from a "hold" to a "strong-buy" rating, with Q1 2026 earnings estimated at $6.06 EPS and FY2026 earnings at $24.56 EPS.
• The company's stock received multiple upgrades from various analysts, with a current consensus rating of "Moderate Buy" and a target price of $397.43.
• Despite the positive ratings, Cummins' stock recently declined by 2.3%, with current trading around $426.20, down from a 12-month high of $440.51.

Cummins (NYSE:CMI - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Cummins' Q1 2026 earnings at $6.06 EPS, Q2 2026 earnings at $6.46 EPS, Q3 2026 earnings at $5.96 EPS, Q4 2026 earnings at $6.09 EPS, FY2026 earnings at $24.56 EPS, Q1 2027 earnings at $6.19 EPS, Q3 2027 earnings at $6.71 EPS and FY2027 earnings at $26.65 EPS.

A number of other research analysts also recently issued reports on the company. Melius Research upgraded Cummins from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a report on Wednesday, September 3rd. Wells Fargo & Company raised Cummins to an "overweight" rating in a research report on Monday, August 11th. Evercore ISI reaffirmed an "outperform" rating on shares of Cummins in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cummins in a research report on Saturday, September 27th. Finally, Citigroup lifted their price objective on Cummins from $425.00 to $485.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.43.

Cummins Stock Down 2.3%

CMI opened at $426.20 on Wednesday. Cummins has a 12 month low of $260.02 and a 12 month high of $440.51. The company has a market cap of $58.73 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.11 and a beta of 1.04. The company has a current ratio of 1.64, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. The business's 50-day moving average price is $406.06 and its 200-day moving average price is $348.80.

Cummins (NYSE:CMI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.21 by $1.22. Cummins had a return on equity of 26.96% and a net margin of 8.72%.The company had revenue of $8.64 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the business earned $5.26 EPS. Cummins's revenue was down 1.7% compared to the same quarter last year. On average, equities analysts expect that Cummins will post 22.54 EPS for the current year.

Insider Transactions at Cummins

In related news, VP Robert Enright sold 1,860 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $402.26, for a total value of $748,203.60. Following the completion of the transaction, the vice president directly owned 955 shares in the company, valued at $384,158.30. The trade was a 66.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen H. Quintos sold 1,307 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $405.33, for a total transaction of $529,766.31. Following the completion of the transaction, the director owned 5,227 shares of the company's stock, valued at approximately $2,118,659.91. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,119 shares of company stock worth $17,674,285. Company insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On Cummins

A number of hedge funds have recently added to or reduced their stakes in CMI. Brighton Jones LLC raised its stake in Cummins by 4.1% during the 4th quarter. Brighton Jones LLC now owns 2,112 shares of the company's stock valued at $736,000 after buying an additional 83 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cummins by 22.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,753 shares of the company's stock valued at $868,000 after buying an additional 513 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Cummins by 7.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,807 shares of the company's stock valued at $1,193,000 after buying an additional 255 shares during the last quarter. GAMMA Investing LLC raised its stake in Cummins by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 3,801 shares of the company's stock valued at $1,191,000 after buying an additional 692 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Cummins by 8.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 13,666 shares of the company's stock worth $4,283,000 after purchasing an additional 1,114 shares in the last quarter. 83.46% of the stock is currently owned by hedge funds and other institutional investors.

Cummins Company Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.