Cummins (NYSE:CMI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• Analysts lift targets: JPMorgan raised its price target on Cummins from $600 to $725 (maintaining a "neutral" rating) while other firms also raised targets (Morgan Stanley to $752), leaving a consensus of Moderate Buy and an average price target of $649.47.
• Strong quarter and guidance: Cummins beat Q1 estimates (EPS $6.15 vs. $5.63) and raised FY2026 revenue guidance to about $36.4–$37.4 billion, which helped drive the stock up roughly 6.2% to $716.95 and near its 52‑week high.
• Insider selling and institutional ownership: Insiders have sold over $18 million of stock in the past 90 days, while institutional investors own about 83.46% of the company.

Cummins (NYSE:CMI - Get Free Report) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $600.00 to $725.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 1.12% from the company's previous close.

Several other research firms have also recently weighed in on CMI. Robert W. Baird set a $700.00 price target on Cummins in a research note on Wednesday. Morgan Stanley upped their price objective on Cummins from $675.00 to $752.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group set a $565.00 price objective on Cummins and gave the company a "neutral" rating in a research report on Friday, February 6th. Raymond James Financial upped their price objective on Cummins from $585.00 to $675.00 and gave the company an "outperform" rating in a research report on Monday, February 9th. Finally, Wolfe Research cut Cummins from an "outperform" rating to a "peer perform" rating and set a $540.00 price objective for the company. in a research report on Monday, January 26th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $649.47.

Cummins Stock Up 6.2%

Shares of CMI stock traded up $42.07 during mid-day trading on Wednesday, hitting $716.95. The company's stock had a trading volume of 1,296,486 shares, compared to its average volume of 918,923. Cummins has a 52-week low of $296.59 and a 52-week high of $717.33. The business has a 50-day moving average price of $582.66 and a 200 day moving average price of $539.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.76. The stock has a market cap of $99.05 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.08 and a beta of 1.27.

Cummins (NYSE:CMI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.52. Cummins had a return on equity of 25.71% and a net margin of 8.44%.The firm had revenue of $8.40 billion during the quarter, compared to analysts' expectations of $8.37 billion. During the same quarter in the previous year, the business earned $5.96 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Research analysts predict that Cummins will post 26.05 EPS for the current fiscal year.

Insider Buying and Selling at Cummins

In other Cummins news, VP Earl Newsome sold 1,300 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $583.67, for a total transaction of $758,771.00. Following the completion of the sale, the vice president owned 3,389 shares of the company's stock, valued at approximately $1,978,057.63. The trade was a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Amy Rochelle Davis sold 4,054 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $561.34, for a total value of $2,275,672.36. Following the sale, the vice president directly owned 15,807 shares of the company's stock, valued at $8,873,101.38. This represents a 20.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,195 shares of company stock valued at $18,397,489 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Cummins

Hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cummins by 8.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,031 shares of the company's stock worth $13,107,000 after buying an additional 2,417 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Cummins by 2.1% in the third quarter. New York State Teachers Retirement System now owns 111,911 shares of the company's stock worth $47,268,000 after buying an additional 2,305 shares in the last quarter. Bailard Inc. lifted its position in shares of Cummins by 7.2% in the third quarter. Bailard Inc. now owns 59,830 shares of the company's stock worth $25,270,000 after buying an additional 4,035 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Cummins by 2.8% in the third quarter. Fisher Asset Management LLC now owns 3,367,001 shares of the company's stock worth $1,422,121,000 after buying an additional 91,956 shares in the last quarter. Finally, Accredited Wealth Management LLC lifted its position in shares of Cummins by 3,100.0% in the third quarter. Accredited Wealth Management LLC now owns 3,200 shares of the company's stock worth $1,352,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 83.46% of the company's stock.

More Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Wells Fargo raised its price target on CMI from $693 to $794 and kept an "overweight" rating, signaling stronger analyst conviction and providing upside to the stock. Wells Fargo raises CMI price target
• Positive Sentiment: Cummins beat Q1 estimates (EPS $6.15 vs. consensus ~$5.6) and slightly topped revenue expectations; management pointed to robust Power Systems and data‑center power demand that lifted margins. Strong quarterly execution is a core reason investors are bidding the stock higher. MarketBeat: Cummins Q1 results
• Positive Sentiment: Cummins raised its revenue outlook (FY2026 guidance now roughly $36.4B–$37.4B vs. prior/consensus ~$35.8B), citing resilient demand for power‑generation equipment — a near-term fundamental upgrade supporting valuation expansion. Reuters: Cummins raises revenue outlook
• Positive Sentiment: Analyst coverage notes the company lifted its outlook despite weakness in trucking, highlighting confidence in diversified end-market strength (power gen, data center). That upside to consensus expectations is pro‑stock. TipRanks: Cummins lifts outlook
• Neutral Sentiment: Management signaled a strategic refocus toward zero‑emission growth after the quarter — a longer‑term positive but one that may require execution time and capex. Investors may view this as directional but not an immediate earnings driver. Yahoo Finance: Cummins refocuses portfolio
• Neutral Sentiment: The company's earnings presentation and call materials are now available for deeper analysis — useful for investors but informational rather than an immediate price mover. Seeking Alpha: Q1 presentation
• Negative Sentiment: Certain end markets remain weak: Engine & Components (on‑highway/trucking) showed signs of softness, and management acknowledged trucking weakness — a short‑term earnings risk if demand and OEM production don’t rebound. Zacks: Key metrics and segment trends

About Cummins

Cummins Inc NYSE: CMI is a global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components. Founded in 1919 and headquartered in Columbus, Indiana, Cummins has grown into one of the world's leading suppliers of internal combustion engines and a provider of technologies that reduce emissions and improve fuel efficiency.

The company's product lineup includes heavy-, medium- and light-duty engines for on-highway and off-highway applications, generator sets and power systems for commercial and industrial use, and key engine components such as turbochargers, fuel systems, air handling, filtration and aftertreatment solutions.

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