At the time of writing, Cummins Inc [CMI] stock is trading at $378.57, up 0.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMI shares have gain 2.03% over the last week, with a monthly amount glided 6.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cummins Inc [NYSE: CMI] stock has seen the most recent analyst activity on November 13, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $408 from $294. Previously, Vertical Research downgraded its rating to Hold on November 06, 2024, and kept the price target unchanged to $350. On June 28, 2024, Raymond James initiated with a Mkt Perform rating. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $320 on June 26, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $292 on May 10, 2024. UBS upgraded its rating to Buy for this stock on March 15, 2024. In a note dated March 14, 2024, Truist initiated an Hold rating and provided a target price of $303 on this stock.
For the past year, the stock price of Cummins Inc fluctuated between $226.52 and $379.66. Currently, Wall Street analysts expect the stock to reach $363.33 within the next 12 months. Cummins Inc [NYSE: CMI] shares were valued at $378.57 at the most recent close of the market. An investor can expect a potential drop of -4.03% based on the average CMI price forecast.
Analyzing the CMI fundamentals
According to Cummins Inc [NYSE:CMI], the company’s sales were 34.19B for trailing twelve months, which represents an 0.30% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.09%, 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 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
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 375.25 points at the first support level, and at 371.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 381.91, and for the 2nd resistance point, it is at 385.25.
Ratios To Look Out For
It is important to note that Cummins Inc [NYSE:CMI] has a current ratio of 1.32. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 5.03 and price to earnings (TTM) ratio is 25.13.
Transactions by insiders
Recent insider trading involved Barner Sharon R, VP – Chief Administrative Off., that happened on Nov 21 ’24 when 2163.0 shares were sold. Officer, SHARON BARNER completed a deal on Nov 21 ’24 to buy 2163.0 shares. Meanwhile, VP – Chief Administrative Off. Barner Sharon R sold 2163.0 shares on Nov 13 ’24.
