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NYSE:CMI

Cummins - CMI Stock Forecast, Price & News

$248.96
-1.95 (-0.78%)
(As of 02/2/2023 09:47 AM ET)
Add
Compare
Today's Range
$248.77
$251.67
50-Day Range
$235.48
$252.65
52-Week Range
$184.27
$254.47
Volume
57,429 shs
Average Volume
768,533 shs
Market Capitalization
$35.11 billion
P/E Ratio
18.57
Dividend Yield
2.52%
Price Target
$254.00

Cummins MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
1.6% Upside
$254.00 Price Target
Short Interest
Healthy
2.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.52
Upright™ Environmental Score
News Sentiment
0.44mentions of Cummins in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$21.41 M Sold Last Quarter
Proj. Earnings Growth
19.73%
From $16.78 to $20.09 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Auto/Tires/Trucks Sector

21st out of 97 stocks

Engines & Turbines Industry

2nd out of 6 stocks


CMI stock logo

About Cummins (NYSE:CMI) Stock

Cummins, Inc. designs, manufactures and markets 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 founded by Clessi

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CMI Stock News Headlines

Cummins Inc. (NYSE:CMI) Short Interest Update
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
Cummins (CMI) Earnings Expected to Grow: Should You Buy?
Is Trending Stock Cummins Inc. (CMI) a Buy Now?
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
CMI Stock Revisited: What Made It Work This Time?
Cummins Reports Third Quarter 2022 Results
Cummins (CMI) Misses Q3 Earnings Estimates
The 4 Best Stocks to Buy for the Rest of 2022
4 High Earnings Yield Picks That You Shouldn't Ignore
See More Headlines
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CMI Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 12/1 Dividend
11/17/2022
Dividend Payable
12/01/2022
Today
2/02/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Engines & turbines
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
23102110
Employees
59,900
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$254.00
High Stock Price Forecast
$304.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$2.13 billion
Pretax Margin
9.77%

Debt

Sales & Book Value

Annual Sales
$24.02 billion
Cash Flow
$19.54 per share
Book Value
$65.73 per share

Miscellaneous

Free Float
139,612,000
Market Cap
$35.11 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Mr. N. Thomas LinebargerMr. N. Thomas Linebarger (Age 60)
    Exec. Chairman
    Comp: $8.3M
  • Ms. Jennifer W. RumseyMs. Jennifer W. Rumsey (Age 49)
    Pres, CEO & Director
    Comp: $2.02M
  • Mr. Livingston L. Satterthwaite (Age 62)
    Sr. VP
    Comp: $2.44M
  • Mr. Mark A. Smith (Age 55)
    Chief Financial Officer
    Comp: $2.26M
  • Mr. Srikanth PadmanabhanMr. Srikanth Padmanabhan (Age 58)
    Pres of Engine Bus.
    Comp: $1.85M
  • Mr. Walter Jim FierMr. Walter Jim Fier (Age 58)
    Chief Technical Officer
  • Ms. Sharon R. BarnerMs. Sharon R. Barner (Age 65)
    Chief Admin. Officer
  • Mr. Christopher C. Clulow (Age 51)
    VP of Investor Relations
  • Hon. Nicole Y. Lamb-Hale (Age 56)
    VP & Gen. Counsel
  • Ms. Schuyla Jeanniton
    Exec. Director of Ethics & Compliance and Chief of Staff













CMI Stock - Frequently Asked Questions

Should I buy or sell Cummins stock right now?

7 Wall Street research 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 research 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 twelve-month target prices for Cummins' shares. Their CMI share price forecasts range from $190.00 to $304.00. On average, they predict the company's stock price to reach $254.00 in the next twelve months. This suggests a possible upside of 1.2% 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 increased by 3.6% and is now trading at $250.91.
View the best growth stocks for 2023 here
.

Are investors shorting Cummins?

Cummins saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 3,300,000 shares, a decline of 6.5% from the December 31st total of 3,530,000 shares. Based on an average daily volume of 960,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.4% of the company's shares are sold short.
View Cummins' Short Interest
.

When is Cummins' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our CMI earnings forecast
.

How can I listen to Cummins' earnings call?

Cummins will be holding an earnings conference call on Monday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) issued its earnings results on Monday, November, 1st. The company reported $3.69 earnings per share for the quarter, missing the consensus estimate of $3.99 by $0.30. The company earned $5.97 billion during the quarter, compared to analysts' expectations of $6 billion. Cummins had a net margin of 7.32% and a trailing twelve-month return on equity of 22.48%. During the same period last year, the business earned $3.57 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, October 11th. Stockholders of record on Friday, November 18th will be given a dividend of $1.57 per share on Thursday, December 1st. This represents a $6.28 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 17th.
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 2.52%. 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 46.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMI will have a dividend payout ratio of 31.26% 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 announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 14th 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are generally 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 updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $25.94 billion-$25.94 billion, compared to the consensus revenue estimate of $26.62 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 variety of institutional and retail investors. Top institutional shareholders include Edmp Inc. (0.76%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Hamlin Capital Management LLC (0.35%), DekaBank Deutsche Girozentrale (0.18%), Keybank National Association OH (0.18%) and Bank of Montreal Can (0.17%). Insiders that own company stock include Christopher C Clulow, Franklin R Changdiaz, Jennifer Rumsey, Jill E Cook, John D Brockhaus, Leo Allen Bruno V Di, Mark Andrew Smith, Mark J Osowick, 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 $250.91.

How much money does Cummins make?

Cummins (NYSE:CMI) has a market capitalization of $35.38 billion and generates $24.02 billion in revenue each year. The company earns $2.13 billion in net income (profit) each year or $13.41 on an earnings per share basis.

How many employees does Cummins have?

The company employs 59,900 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 2/2/2023 by MarketBeat.com Staff