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NYSE:CMICummins Stock Price, Forecast & News

$171.98
-0.19 (-0.11 %)
(As of 07/10/2020 10:08 AM ET)
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Compare
Today's Range
$171.76
Now: $171.98
$173.73
50-Day Range
$155.04
MA: $170.58
$183.90
52-Week Range
$101.03
Now: $171.98
$186.73
Volume29,470 shs
Average Volume1.18 million shs
Market Capitalization$25.37 billion
P/E Ratio12.63
Dividend Yield3.01%
Beta1.14
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of 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. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
CUSIP23102110
Phone812-377-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.57 billion
Cash Flow$19.50 per share
Book Value$55.25 per share

Profitability

Net Income$2.26 billion

Miscellaneous

Employees61,615
Market Cap$25.37 billion
Next Earnings Date7/28/2020 (Confirmed)
OptionableOptionable

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Cummins (NYSE:CMI) Frequently Asked Questions

How has Cummins' stock been impacted by COVID-19 (Coronavirus)?

Cummins' stock was trading at $141.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMI stock has increased by 22.0% and is now trading at $172.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cummins?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 15 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cummins.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Cummins.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) announced its quarterly earnings data on Tuesday, April, 28th. The company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $1.00. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cummins had a return on equity of 24.86% and a net margin of 9.34%. Cummins's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.20 earnings per share. View Cummins' earnings history.

How often does Cummins pay dividends? What is the dividend yield for Cummins?

Cummins announced a quarterly dividend on Tuesday, May 12th. Investors of record on Friday, May 22nd will be paid a dividend of $1.311 per share on Thursday, June 4th. This represents a $5.24 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, May 21st. View Cummins' dividend history.

How will Cummins' stock buyback program work?

Cummins declared that its board has authorized a share repurchase plan on Tuesday, December 10th 2019, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for CMI?

20 equities research analysts have issued 1 year price targets for Cummins' shares. Their forecasts range from $150.00 to $207.00. On average, they anticipate Cummins' share price to reach $173.13 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View analysts' price targets for Cummins.

Has Cummins been receiving favorable news coverage?

News headlines about CMI stock have trended neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cummins earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Cummins.

Are investors shorting Cummins?

Cummins saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,870,000 shares, an increase of 8.7% from the June 15th total of 4,480,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.4% of the shares of the stock are sold short. View Cummins' Current Options Chain.

Who are some of Cummins' key competitors?

What other stocks do shareholders of Cummins own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cummins investors own include Johnson & Johnson (JNJ), Caterpillar (CAT), Gilead Sciences (GILD), Walt Disney (DIS), NVIDIA (NVDA), Verizon Communications (VZ), Alibaba Group (BABA), Cisco Systems (CSCO), AT&T (T) and Pfizer (PFE).

Who are Cummins' key executives?

Cummins' management team includes the following people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 56)
  • Mr. Richard J. Freeland, Pres, COO & Director (Age 62)
  • Mr. Patrick J. Ward, VP & CFO (Age 55)
  • Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 56)
  • Mr. Livingston L. Satterthwaite, VP & Pres of Distribution Bus. (Age 58)

What is Cummins' stock symbol?

Cummins trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMI."

Who are Cummins' major shareholders?

Cummins' stock is owned by many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.12%), Hexavest Inc. (0.05%), State of Alaska Department of Revenue (0.05%), DNB Asset Management AS (0.03%), Cullinan Associates Inc. (0.02%) and Jacobs & Co. CA (0.02%). Company insiders that own Cummins stock include Alexis M Herman, Franklin R Changdiaz, Jill E Cook, Mark Andrew Smith, Mark J Osowick, Marya M Rose, Norman Thomas Linebarger, Pat Ward, Richard Joseph Freeland, Srikanth Padmanabhan, Tony Satterthwaite and Tracy A Embree. View institutional ownership trends for Cummins.

Which institutional investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Fulton Bank N. A., Carnegie Capital Asset Management LLC, DNB Asset Management AS, Rockland Trust Co., Richard P Slaughter Associates Inc, Windsor Group LTD, and Jacobs & Co. CA. Company insiders that have sold Cummins company stock in the last year include Mark J Osowick, Norman Thomas Linebarger, and Tony Satterthwaite. View insider buying and selling activity for Cummins.

Which institutional investors are buying Cummins stock?

CMI stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Forte Capital LLC ADV, Envestnet Asset Management Inc., Clarius Group LLC, Unison Advisors LLC, Trinity Legacy Partners LLC, E&G Advisors LP, and Trust Co. of Toledo NA OH. View insider buying and selling activity for Cummins.

How do I buy shares of Cummins?

Shares of CMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $172.17.

How big of a company is Cummins?

Cummins has a market capitalization of $25.40 billion and generates $23.57 billion in revenue each year. The company earns $2.26 billion in net income (profit) each year or $15.05 on an earnings per share basis. Cummins employs 61,615 workers across the globe.

What is Cummins' official website?

The official website for Cummins is www.cummins.com.

How can I contact Cummins?

Cummins' mailing address is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. The company can be reached via phone at 812-377-5000 or via email at [email protected]

This page was last updated on 7/10/2020 by MarketBeat.com Staff

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