A share price of Cummins Inc [CMI] is currently trading at $354.46, up 8.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMI shares have gain 7.04% over the last week, with a monthly amount glided 6.86%, 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 $214.57 and $340.82. Currently, Wall Street analysts expect the stock to reach $271.11 within the next 12 months. Cummins Inc [NYSE: CMI] shares were valued at $354.46 at the most recent close of the market. An investor can expect a potential drop of -23.51% based on the average CMI price forecast.
Analyzing the CMI fundamentals
Trailing Twelve Months sales for Cummins Inc [NYSE:CMI] were 34.16B which represents 1.83% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.22 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 334.52 points at the first support level, and at 314.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 365.54, and for the 2nd resistance point, it is at 376.62.
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 0.82, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 5.08 and price to earnings (TTM) ratio is 25.69.
Transactions by insiders
Recent insider trading involved Satterthwaite Tony, Senior Vice President, that happened on Aug 23 ’24 when 24250.0 shares were sold. Officer, LIVINGSTON LORD SATTERTHWAITE completed a deal on Aug 23 ’24 to buy 24250.0 shares. Meanwhile, VP – Chief Administrative Off. Barner Sharon R sold 6489.0 shares on Aug 21 ’24.
