A share price of Cummins Inc. [CMI] is currently trading at $298.23, up 1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMI shares have gain 6.50% over the last week, with a monthly amount glided 10.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup started tracking the stock with Buy rating on June 26, 2024, and set its price target to $320. On May 10, 2024, TD Cowen reiterated its Buy rating and revised its price target to $292 on the stock. UBS upgraded its rating to a Buy. Truist initiated its recommendation with a Hold and recommended $303 as its price target on March 14, 2024. TD Cowen reiterated a Outperform rating for this stock on February 07, 2024, and upped its price target to $272. In a note dated January 19, 2024, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $243 to $225.
Cummins Inc. experienced fluctuations in its stock price throughout the past year between $212.80 and $304.24. Currently, Wall Street analysts expect the stock to reach $265.56 within the next 12 months. Cummins Inc. [NYSE: CMI] shares were valued at $298.23 at the most recent close of the market. An investor can expect a potential drop of -10.95% based on the average CMI price forecast.
Analyzing the CMI fundamentals
Trailing Twelve Months sales for Cummins Inc. [NYSE:CMI] were 34.01B which represents -0.59% decline. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.2 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 293.58 points at the first support level, and at 288.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 302.88, and for the 2nd resistance point, it is at 307.52.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cummins Inc. [NYSE:CMI] is 1.34. On the other hand, the Quick Ratio is 0.84, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 4.50 and price to earnings (TTM) ratio is 21.95.
Transactions by insiders
Recent insider trading involved Wiltrout Jeffrey T, VP – Corporate Strategy, that happened on May 24 ’24 when 282.0 shares were purchased. VP – Chief Human Resources Off, Boakye Marvin completed a deal on May 20 ’24 to buy 1745.0 shares. Meanwhile, VP – Chief Administrative Off. Barner Sharon R sold 2390.0 shares on May 10 ’24.
