| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Analysts' ratings for Cummins (NYSE:CMI) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 1 | 2 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 2 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $255.2, with a high estimate of $285.00 and a low estimate of $225.00. Witnessing a positive shift, the current average has risen by 0.34% from the previous average price target of $254.33.
In examining recent analyst actions, we gain insights into how financial experts perceive Cummins. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Timothy Thein | Citigroup | Raises | Buy | $285.00 | $265.00 |
| Ross Gilardi | B of A Securities | Lowers | Underperform | $225.00 | $243.00 |
| Tami Zakaria | JP Morgan | Lowers | Underweight | $245.00 | $255.00 |
| Angel Castillo | Morgan Stanley | Announces | Overweight | $278.00 | - |
| Ross Gilardi | B of A Securities | Announces | Neutral | $243.00 | - |
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cummins's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Cummins analyst ratings.
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Cummins showcased positive performance, achieving a revenue growth rate of 1.33% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Cummins's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -16.75%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Cummins's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -14.67%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Cummins's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.46%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Cummins's debt-to-equity ratio is below the industry average at 0.76, reflecting a lower dependency on debt financing and a more conservative financial approach.
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: CMI
