A statement released earlier today by Goldman Sachs Group Inc. about Cummins Inc. (NYSE:CMI) raises the target price to $162.00
- Updated: October 16, 2016
Cummins Inc. (NYSE:CMI) had its target price raised to $162.00 by Goldman Sachs Group Inc. in a report released 10/11/2016. The new target price indicates a possible upside of 0.26% from the company's most recent stock price close.
Previously on 09/30/2016, Credit Agricole SA reported about Cummins Inc. (NYSE:CMI) upped the target price from $0.00 to $150.00 that suggested an upside of 0.21%.
Having a price of $128.17, Cummins Inc. (NYSE:CMI) traded -0.29% lower on the day. The last stock close price is up 6.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $123.39 and a 200-day moving average of $117.92. 1,030,723 shares of CMI traded hands, down from an average trading volume of 1,419,050
Recent Performance Chart
Cummins Inc. has 52 week low of $79.88 and a 52 week high of $131.04 with a P/E ratio of 17.23 and has a market cap of $0.
A total of 19 analysts have released a report on Cummins Inc.. One analyst rating the company a strong buy, three analysts rating the company a buy, nineteen brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $110.16.
Brief Synopsis On 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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