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NYSE:CMI

Cummins Stock Forecast, Price & News

$203.87
-8.03 (-3.79 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$202.05
Now: $203.87
$209.05
50-Day Range
$193.01
MA: $207.38
$213.51
52-Week Range
$101.03
Now: $203.87
$215.43
Volume865,587 shs
Average Volume1.31 million shs
Market Capitalization$30.11 billion
P/E Ratio18.19
Dividend Yield2.47%
Beta1.18
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$18.98 per share
Book Value$55.25 per share

Profitability

Net Income$2.26 billion

Miscellaneous

Employees61,615
Market Cap$30.11 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$203.87
-8.03 (-3.79 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cummins (NYSE:CMI) Frequently Asked Questions

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

Cummins' stock was trading at $141.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMI shares have increased by 44.5% and is now trading at $203.87.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cummins?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 14 hold ratings and 6 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, November 3rd 2020.
View our earnings forecast for Cummins
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) issued its earnings results on Tuesday, July, 28th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.93. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.68 billion. Cummins had a net margin of 8.46% and a return on equity of 21.04%. The firm's revenue was down 38.1% on a year-over-year basis. During the same period last year, the business earned $4.27 EPS.
View Cummins' earnings history
.

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

Cummins declared a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, August 21st will be paid a dividend of $1.311 per share on Thursday, September 3rd. This represents a $5.24 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, August 20th.
View Cummins' dividend history
.

How will Cummins' stock buyback program work?

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

What price target have analysts set for CMI?

21 Wall Street analysts have issued 12 month target prices for Cummins' shares. Their forecasts range from $150.00 to $244.00. On average, they anticipate Cummins' share price to reach $193.35 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Cummins
.

Are investors shorting Cummins?

Cummins saw a drop in short interest in August. As of August 31st, there was short interest totaling 3,110,000 shares, a drop of 15.9% from the August 15th total of 3,700,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.2% of the company's stock are sold short.
View Cummins' Short Interest
.

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

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.01%), BlackRock Inc. (8.57%), LSV Asset Management (2.01%), First Eagle Investment Management LLC (1.50%), Bank of New York Mellon Corp (1.43%) and Charles Schwab Investment Management Inc. (1.35%). 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 AQR Capital Management LLC, LSV Asset Management, American International Group Inc., First Trust Advisors LP, Prudential Financial Inc., Sumitomo Mitsui Trust Holdings Inc., APG Asset Management N.V., and Canada Pension Plan Investment Board. 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 acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Charles Schwab Investment Management Inc., Skandinaviska Enskilda Banken AB publ, Vanguard Group Inc., Bank of New York Mellon Corp, Atalanta Sosnoff Capital LLC, Robeco Institutional Asset Management B.V., and Impala Asset Management LLC.
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 $203.87.

How big of a company is Cummins?

Cummins has a market capitalization of $30.11 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 9/22/2020 by MarketBeat.com Staff

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