Cummins (NYSE:CMI) has been downgraded from Buy to Outperform in a statement by CLSA earlier today.
- Updated: December 1, 2016
Having a price of $141.78, Cummins (NYSE:CMI) traded 0.54% higher on the day. With the last stock price up 16.89% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. CMI has recorded a 50-day average of $130.55 and a two hundred day average of $121.95. Trade Volume was down over the average, with 1,259,897 shares of CMI changing hands under the typical 1,548,870
CLSA has downgraded Cummins (NYSE:CMI) from Buy to Outperform in a statement released on 12/1/2016.
On 11/22/2016, Vetr Inc. released a statement about Cummins (NYSE:CMI) upped the target price from $0.00 to $142.84 that suggested an upside of 0.03%.
Recent Performance Chart
Cummins has 52 week low of $79.88 and a 52 week high of $146.48 with a PE ratio of 20.72 and has a market capitalization of $0.
A total of 19 analysts have released a research note on Cummins. One analyst rating the company a strong buy, three analysts rating the company a buy, nineteen analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $110.16.
More About Cummins (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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