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NYSE:CMI

Cummins Stock Forecast, Price & News

$220.34
-6.84 (-3.01 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$219.30
Now: $220.34
$228.38
50-Day Range
$213.59
MA: $227.59
$236.55
52-Week Range
$101.03
Now: $220.34
$244.67
Volume1.91 million shs
Average Volume1.25 million shs
Market Capitalization$32.61 billion
P/E Ratio20.79
Dividend Yield2.38%
Beta1.13
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, products worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company manufactures and markets 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; and offers new parts and services, as well as remanufactured parts and engines. It distributes parts, engines, and power generation products; and provides service solutions, such as engineering services, custom-designed assemblies, and repair services. The company offers emission solutions; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets, as well as 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 and remanufactures fuel systems. It also provides standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and provides electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. The company offers electric and hybrid powertrains related components including filtration, after treatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and hydrogen generation products. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. 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.
Cummins logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.70 out of 5 stars


Industry, Sector and Symbol

Industry Engines & turbines
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
CUSIP23102110
Phone812-377-5000
Employees61,615

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.57 billion
Cash Flow$18.80 per share
Book Value$58.38 per share

Profitability

Net Income$2.26 billion

Miscellaneous

Market Cap$32.61 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$220.34
-6.84 (-3.01 %)
(As of 12/3/2020 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. Since then, CMI stock has increased by 56.2% and is now trading at $220.34.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Cummins?

Wall Street analysts have given Cummins a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cummins wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cummins' next earnings date?

Cummins is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Cummins
.

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) announced its quarterly earnings data on Sunday, November, 1st. The company reported $3.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.41 by $1.16. The company had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $4.50 billion. Cummins had a net margin of 8.12% and a return on equity of 20.30%. The business's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.83 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, October 13th. Stockholders of record on Friday, November 20th will be paid a dividend of $1.35 per share on Thursday, December 3rd. This represents a $5.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, November 19th. This is a boost from Cummins's previous quarterly dividend of $1.31.
View Cummins' dividend history
.

How will Cummins' stock buyback program work?

Cummins announced that its board has initiated a share repurchase program on Tuesday, December 10th 2019, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its stock is undervalued.

What price target have analysts set for CMI?

21 equities research analysts have issued twelve-month price targets for Cummins' stock. Their forecasts range from $150.00 to $273.00. On average, they anticipate Cummins' share price to reach $212.37 in the next year. This suggests that the stock has a possible downside of 3.6%.
View analysts' price targets for Cummins
.

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

Who are Cummins' key executives?

Cummins' management team includes the following people:
  • Mr. N. Thomas Linebarger, Chairman & CEO (Age 57, Pay $9.41M)
  • Mr. Livingston L. Satterthwaite, Pres & COO (Age 59, Pay $2.18M)
  • Mr. Mark A. Smith, CFO & VP (Age 52, Pay $1.52M)
  • Ms. Marya M. Rose, VP & Chief Admin. Officer (Age 57, Pay $2.13M)
  • Ms. Tracy A. Embree, VP & Pres of Distribution Bus. Segment (Age 46, Pay $2.07M)
  • Mr. Walter Jim Fier, VP & CTO (Age 55)
  • Ms. Sherry A. Aaholm, VP & Chief Information Officer (Age 57)
  • James Hopkins, Exec. Director of Investor Relations
  • Ms. Sharon R. Barner, VP, Gen. Counsel & Corp. Sec. (Age 62)
  • Mr. Mark J. Sifferlen, VP of Ethics & Compliance and Sec.

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 investors include BlackRock Inc. (8.64%), State Street Corp (4.82%), LSV Asset Management (1.85%), Charles Schwab Investment Management Inc. (1.36%), Boston Partners (1.19%) and Wells Fargo & Company MN (0.93%). Company insiders that own Cummins stock include Alexis M Herman, Mark J Osowick, Norman Thomas Linebarger, Richard Joseph Freeland, Srikanth Padmanabhan, Tony Satterthwaite and Tracy A Embree.
View institutional ownership trends for Cummins
.

Which major investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, LSV Asset Management, Boston Partners, Miller Howard Investments Inc. NY, American International Group Inc., AQR Capital Management LLC, Earnest Partners LLC, and Victory Capital Management Inc.. 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 major investors are buying Cummins stock?

CMI stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Atalanta Sosnoff Capital LLC, Samlyn Capital LLC, Vaughan Nelson Investment Management L.P., BlackRock Inc., Robeco Institutional Asset Management B.V., Chiron Investment Management LLC, and DekaBank Deutsche Girozentrale.
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 $220.34.

How big of a company is Cummins?

Cummins has a market capitalization of $32.61 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 12/4/2020 by MarketBeat.com Staff

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