Cummins (NYSE:CMI) has been upgraded from Neutral to Buy in a statement by Goldman Sachs earlier today.
- Updated: October 11, 2016
Having a price of $128.17, Cummins (NYSE:CMI) traded 2.08% higher on the day. With the last close up 11.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Cummins has recorded a 50-day average of $123.21 and a two hundred day average of $117.59. Volume of trade was down over the average, with 702,453 shares of CMI changing hands under the typical 1,416,230
Goldman Sachs has upgraded Cummins (NYSE:CMI) from Neutral to Buy in a statement released on 10/11/2016.
On 9/30/2016, Credit Agricole SA released a statement on Cummins (NYSE:CMI) upped the target price from $0.00 to $150.00 that suggested an upside of 0.21%.
With a total market value of $0, Cummins has 52 week low of $79.88 and a 52 week high of $131.04 with a PE ratio of 17.92 .
In addition to Goldman Sachs reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $110.16 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 19 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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