At the time of writing, Cummins Inc [CMI] stock is trading at $361.07, up 1.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMI shares have gain 1.90% over the last week, with a monthly amount drifted -4.41%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cummins Inc [NYSE: CMI] stock has seen the most recent analyst activity on December 09, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $420 from $355. Previously, Evercore ISI upgraded its rating to Outperform on November 13, 2024, and elevated its price target to $408. On November 06, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $350 on the stock. Raymond James started tracking the stock assigning a Mkt Perform rating. Citigroup initiated its recommendation with a Buy and recommended $320 as its price target on June 26, 2024. TD Cowen reiterated a Buy rating for this stock on May 10, 2024, and upped its price target to $292. In a note dated March 15, 2024, UBS upgraded an Buy rating on this stock.
For the past year, the stock price of Cummins Inc fluctuated between $226.52 and $387.90. Currently, Wall Street analysts expect the stock to reach $363.33 within the next 12 months. Cummins Inc [NYSE: CMI] shares were valued at $361.07 at the most recent close of the market. An investor can expect a potential return of 0.63% 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 354.89 points at the first support level, and at 348.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 364.27, and for the 2nd resistance point, it is at 367.48.
Ratios To Look Out For
It is important to note that Cummins Inc [NYSE:CMI] has a current ratio of 1.32. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 23.97.
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.
