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AMC   4.60 (+2.22%)
PFE   38.15 (+0.34%)
PYPL   62.96 (+1.56%)
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NYSE:CMI

Cummins (CMI) Stock Forecast, Price & News

$207.93
+3.52 (+1.72%)
(As of 11:57 AM ET)
Compare
Today's Range
$203.93
$208.19
50-Day Range
$204.41
$238.88
52-Week Range
$184.27
$261.91
Volume
286,494 shs
Average Volume
990,396 shs
Market Capitalization
$29.43 billion
P/E Ratio
11.72
Dividend Yield
3.02%
Price Target
$254.25

Cummins MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
22.7% Upside
$254.25 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.65
Upright™ Environmental Score
News Sentiment
0.35mentions of Cummins in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.73%
From $19.70 to $20.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Auto/Tires/Trucks Sector

51st out of 200 stocks

Engines & Turbines Industry

5th out of 10 stocks


CMI stock logo

About Cummins (NYSE:CMI) Stock

Cummins, Inc. engages in the design, manufacture, and market of diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems, and New Power. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment consists of parts, engines, power generation, and service which service and distribute its products and services. The Components segment supplies products such as aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel, and natural gas applications. The Power Systems segment engages in power generation, industrial, and generator technologies. The New Power segment designs, manufactures, sells, and supports hydrogen production solutions, as well as electrified power systems ranging from fully electric to hybrid along with components and subsystems, including battery and fuel cell technologies. The company was

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CMI Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
StockNews.com Initiates Coverage on Cummins (NYSE:CMI)
See More Headlines

CMI Price History

CMI Company Calendar

Ex-Dividend for 3/9 Dividend
2/23/2023
Dividend Payable
3/09/2023
Last Earnings
5/02/2023
Ex-Dividend for 6/1 Dividend
5/18/2023
Today
6/01/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Engines & turbines
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
23102110
Employees
73,600
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$254.25
High Stock Price Forecast
$291.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+24.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$2.15 billion
Pretax Margin
10.85%

Debt

Sales & Book Value

Annual Sales
$28.07 billion
Cash Flow
$20.54 per share
Book Value
$75.02 per share

Miscellaneous

Free Float
140,076,000
Market Cap
$28.94 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Jennifer W. RumseyJennifer W. Rumsey
    President, Chief Executive Officer & Director
  • Tracy A. EmbreeTracy A. Embree
    President & VP-Distribution Business Unit
  • Mark Andrew SmithMark Andrew Smith
    Chief Financial Officer & Vice President
  • Wayne A. Eckerle
    Vice President-Research & Technology
  • Diego Souza
    Chief Information Security Officer













CMI Stock - Frequently Asked Questions

Should I buy or sell Cummins stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
View CMI analyst ratings
or view top-rated stocks.

What is Cummins' stock price forecast for 2023?

7 brokers have issued 1-year price targets for Cummins' shares. Their CMI share price forecasts range from $190.00 to $291.00. On average, they predict the company's stock price to reach $254.25 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for CMI
or view top-rated stocks among Wall Street analysts.

How have CMI shares performed in 2023?

Cummins' stock was trading at $242.29 at the start of the year. Since then, CMI stock has decreased by 15.6% and is now trading at $204.41.
View the best growth stocks for 2023 here
.

Are investors shorting Cummins?

Cummins saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,790,000 shares, a decrease of 10.1% from the April 30th total of 1,990,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the shares of the company are short sold.
View Cummins' Short Interest
.

When is Cummins' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CMI earnings forecast
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) released its quarterly earnings results on Tuesday, May, 2nd. The company reported $5.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.85. The company had revenue of $8.45 billion for the quarter, compared to analysts' expectations of $8.13 billion. Cummins had a trailing twelve-month return on equity of 25.94% and a net margin of 8.37%. The company's quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.04 earnings per share.
Read the conference call transcript
.

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

Cummins declared a quarterly dividend on Tuesday, May 9th. Shareholders of record on Friday, May 19th will be paid a dividend of $1.57 per share on Thursday, June 1st. This represents a $6.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for CMI
.

Is Cummins a good dividend stock?

Cummins (NYSE:CMI) pays an annual dividend of $6.28 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMI will have a dividend payout ratio of 31.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMI.

How will Cummins' stock buyback program work?

Cummins declared that its Board of Directors has initiated a share buyback program on Tuesday, December 14th 2021, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

What guidance has Cummins issued on next quarter's earnings?

Cummins issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $32.28 billion-$33.69 billion, compared to the consensus revenue estimate of $32.08 billion.

What is Tom Linebarger's approval rating as Cummins' CEO?

1,549 employees have rated Cummins Chief Executive Officer Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among the company's employees.

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), NVIDIA (NVDA), Cisco Systems (CSCO), Verizon Communications (VZ), AT&T (T), Intel (INTC), Pfizer (PFE), Home Depot (HD) and Walt Disney (DIS).

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.63%), State Street Corp (4.58%), Price T Rowe Associates Inc. MD (3.42%), Geode Capital Management LLC (2.08%), Ameriprise Financial Inc. (1.57%) and Fisher Asset Management LLC (1.47%). Insiders that own company stock include Christopher C Clulow, Franklin R Changdiaz, Georgia R Nelson, Jennifer Rumsey, Jill E Cook, John D Brockhaus, Leo Allen Bruno V Di, Mark Andrew Smith, Melina M Kennedy, Norman Thomas Linebarger, Sharon R Barner, Srikanth Padmanabhan, Thaddeus B Ewald, Tony Satterthwaite, Tracy A Embree and Walter J Fier.
View institutional ownership trends
.

How do I buy shares of Cummins?

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

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $204.41.

How much money does Cummins make?

Cummins (NYSE:CMI) has a market capitalization of $28.94 billion and generates $28.07 billion in revenue each year. The company earns $2.15 billion in net income (profit) each year or $17.74 on an earnings per share basis.

How many employees does Cummins have?

The company employs 73,600 workers across the globe.

Does Cummins have any subsidiaries?
The following companies are subsidiares of Cummins: AVK Holdco UK Limited, Apollo FC Holdings Ltd., Atlantis Holdco UK Limited, Brammo, CMI 2020 Holdings LLC, CMI Africa Holdings BV, CMI Canada Financing Ltd., CMI Canada LP, CMI Foreign Holdings B.V., CMI Global Holdings B.V., CMI Global Partners B.V., CMI Group Holdings B.V., CMI International Finance Partner 2 LLC, CMI International Finance Partner 5 LLC, CMI Mexico LLC, CMI Netherlands Holdings B.V., CMI PGI Holdings LLC, CMI PGI International Holdings LLC, CMI Turkish Holdings B.V., Centro de Fomento para Inclusión S. de R.L. de C.V., Cherry Island Renewable Energy LLC, Consolidated Diesel Company, Consolidated Diesel Inc., Consolidated Diesel of North Carolina Inc., Cummins (China) Investment Co. Ltd., Cummins (Xiangyang) Machining Co. Ltd., Cummins Africa Middle East (Pty) Ltd., Cummins Afrique de l'Ouest, Cummins Americas Inc., Cummins Angola Lda., Cummins Argentina-Servicios Mineros S.A., Cummins Asia Pacific Pte. Ltd., Cummins BLR LLC, Cummins Battery Systems North America LLC, Cummins Belgium N.V., Cummins Botswana (Pty.) Ltd., Cummins Brasil Ltda., Cummins Burkina Faso SARL, Cummins CDC Holding Inc., Cummins Canada ULC, Cummins Caribbean LLC, Cummins Centroamerica Holding S.de R.L., Cummins Child Development Center Inc., Cummins Chile SpA, Cummins Colombia S.A.S., Cummins Comercializadora S. de R.L. de C.V., Cummins Corporation, Cummins Cote d'Ivoire SARL, Cummins Czech Republic s.r.o., Cummins Deutschland GmbH, Cummins Diesel International Ltd., Cummins Distribution Holdco Inc., Cummins EMEA Holdings Limited, Cummins East Asia Research & Development Co. Ltd., Cummins Electrified Power Europe Ltd., Cummins Electrified Power NA Inc., Cummins Emission Solutions (China) Co. Ltd., Cummins Emission Solutions Inc., Cummins Empresas Filantropicas, Cummins Engine (Beijing) Co. Ltd., Cummins Engine (Shanghai) Co. Ltd., Cummins Engine (Shanghai) Trading & Services Co. Ltd., Cummins Engine Holding Company Inc., Cummins Engine IP Inc., Cummins Engine Malaysia Sdn. Bhd., Cummins Engine Venture Corporation, Cummins Enterprise LLC, Cummins Filtration (Shanghai) Co. Ltd., Cummins Filtration GmbH, Cummins Filtration IP Inc., Cummins Filtration Inc., Cummins Filtration International Corp., Cummins Filtration International Corp. External Profit Company, Cummins Filtration Ltd., Cummins Filtration SARL, Cummins Filtration Trading (Shanghai) Co. Ltd., Cummins Filtros Ltda., Cummins Franchise Holdco LLC, Cummins Fuel Systems (Wuhan) Co. Ltd., Cummins Generator Technologies (China) Co. Ltd., Cummins Generator Technologies Americas Inc., Cummins Generator Technologies Germany GmbH, Cummins Generator Technologies India Private Ltd., Cummins Generator Technologies Italy SRL, Cummins Generator Technologies Limited, Cummins Generator Technologies Romania S.A., Cummins Generator Technologies Singapore Pte Ltd., Cummins Ghana Limited, Cummins Ghana Mining Limited, Cummins Holland B.V., Cummins Hong Kong Ltd., Cummins Hydrogen Technology (Shanghai) Co. Ltd., Cummins India Ltd., Cummins Intellectual Property Inc., Cummins International Finance LLC, Cummins International Holdings Cooperatief U.A., Cummins Italia S.P.A., Cummins Japan Ltd., Cummins Korea Co. Ltd., Cummins Ltd., Cummins Maroc SARL, Cummins Middle East FZE, Cummins Mining Services S. de R.L. de C.V., Cummins Mobility Services Inc., Cummins Mongolia Investment LLC, Cummins Motorenwerke Deutschland GmbH, Cummins Mozambique Ltda., Cummins NV, Cummins Namibia Engine Sales and Service PTY LTD, Cummins Natural Gas Engines Inc., Cummins New Power (Shanghai) Co. Ltd., Cummins New Power S.L., Cummins New Zealand Limited, Cummins Nigeria Ltd., Cummins Norte de Colombia S.A.S., Cummins North Africa Regional Office SARL, Cummins Norway AS, Cummins PGI Holdings Ltd., Cummins Patton Acquisition LLC, Cummins Power Generation (China) Co. Ltd., Cummins Power Generation (S) Pte. Ltd., Cummins Power Generation (U.K.) Limited, Cummins Power Generation Deutschland GmbH, Cummins Power Generation Inc., Cummins Power Generation Limited, Cummins PowerGen IP Inc., Cummins Research and Technology India Private Ltd., Cummins Romania Srl, Cummins S. de R.L. de C.V., Cummins Sales and Service Korea Co. Ltd., Cummins Sales and Service Philippines Inc., Cummins Sales and Service Private Limited, Cummins Sales and Service Sdn. Bhd., Cummins Sales and Service Singapore Pte. Ltd., Cummins Sinai ve Otomotiv Urunleri Sanayi ve Ticaret Limited Sirketi, Cummins South Africa (Pty.) Ltd., Cummins South Pacific Pty. Ltd., Cummins Southern Plains LLC, Cummins Spain S.L., Cummins Sweden AB, Cummins Technologies India Private Limited, Cummins Turbo Technologies, Cummins Turkey Motor Güç Sistemleri Satış Servis Limited Şirketi, Cummins U.K. Holdings Ltd., Cummins U.K. Pension Plan Trustee Ltd., Cummins UK Holdings LLC, Cummins Vendas e Servicos de Motores e Geradores Ltda., Cummins Venture Corporation, Cummins West Africa Limited, Cummins West Balkans d.o.o. Nova Pasova, Cummins XBorder Operations (Pty) Ltd, Cummins Zambia Ltd., Cummins Zimbabwe Pvt. Ltd., Distribuidora Cummins Centroamerica Costa Rica S.de R.L., Distribuidora Cummins Centroamerica El Salvador S.de R.L., Distribuidora Cummins Centroamerica Guatemala Ltda., Distribuidora Cummins Centroamerica Honduras S.de R.L., Distribuidora Cummins S.A., Distribuidora Cummins S.A. Sucursal Bolivia, Distribuidora Cummins S.A. Sucursal Uruguay, Distribuidora Cummins Sucursal Paraguay SRL, Distribuidora Cummins de Panama S. de R.L., Dynamo Insurance Company Inc., Efficient Drivetrains, Energy-Ventures Angola Lda., Hilite International, Hydrogenics, Hydrogenics Corporation, Hydrogenics Europe N.V., Hydrogenics GmbH, Hydrogenics Holding GmbH, Hydrogenics USA Inc., Jacobs Vehicle Systems, Meritor, Nelson Industries, Newage Engineers GmbH, OOO Cummins, Power Group International (Overseas Holdings) B.V., Power Group International (Overseas Holdings) Ltd., Power Group International Ltd., Quickstart Energy Projects SpA, Shanghai Cummins Trade Co. Ltd., Sky Power Holdco LLC, TOO Cummins, Taiwan Cummins Sales & Services Co. Ltd., Wuxi Cummins Turbo Technologies Co. Ltd., and ZED Connect Inc..
Read More
How can I contact Cummins?

Cummins' mailing address is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. The official website for the company is www.cummins.com. The company can be reached via phone at (812) 377-5000, via email at james.hopkins@cummins.com, or via fax at 812-377-3334.

This page (NYSE:CMI) was last updated on 6/1/2023 by MarketBeat.com Staff

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