A statement released earlier today by Credit Agricole SA about Cummins Inc. (NYSE:CMI) bumps the target price to $150.00
- Updated: September 30, 2016
Credit Agricole SA bumped up the target of Cummins Inc. (NYSE:CMI) to $150.00 stating a potential upside of 0.21%.
On 9/7/2016, Deutsche Bank released a statement for Cummins Inc. (NYSE:CMI) bumped up the target price from $0.00 to $111.00 that suggested a downside of -0.06%.
Boasting a price of $124.26, Cummins Inc. (NYSE:CMI) traded 0.53% higher on the day. With the last stock price close up 6.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cummins Inc. has recorded a 50-day average of $122.81 and a two hundred day average of $116.41. Volume of trade was down over the average, with 1,199,398 shares of CMI changing hands under the typical 1,411,880
With a total market value of $0, Cummins Inc. has price-earnings ratio of 17.02 with a one year low of $79.88 and a one year high of $127.64 .
A total of 19 equity analysts have released a ratings update on CMI. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, nineteen equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $110.16.
Brief Synopsis About Cummins Inc. (NYSE:CMI)
Cummins Inc. is a manufacturer of diesel engines. The Company operates through four segments: Engine, Distribution, Components and Power Generation. Its Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, agricultural and governmental equipment markets. Its Distribution segment consists of various businesses, which service and/or distribute a range of its products and services, such as parts and filtration, power generation, engines and service. Its Components segment supplies products, including after treatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment provides power generation systems, components and services for a customer base, including power solutions and mobile power solutions.
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