Cummins (NYSE:CMI) target price upped to $150.00, released a research note earlier today by CLSA
- Updated: September 30, 2016
CLSA upped the target price of Cummins (NYSE:CMI) to $150.00 reporting a possible upside of 0.21%.
On 9/07/2016, Deutsche Bank released a statement for Cummins (NYSE:CMI) upped the target price from $0.00 to $111.00. At the time, this suggested a downside of -0.06%.
Boasting a price of $124.26, Cummins (NYSE:CMI) traded 0.53% higher on the day. The last stock close price is up 6.74% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Cummins 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
Cummins has 52 week low of $79.88 and a 52 week high of $127.64 with a PE ratio of 17.02 and has a market capitalization of $0.
Also covering Cummins's target, a total of 19 brokerages have released a research note on Cummins. The 12-month price target is $110.16 with 1 broker rating the stock a strong buy, 3 firms rating the stock a buy, 19 equity analysts rating the company a hold, two firms rating the stock a underperform, and finally one analyst rating the company a sell.
General Company Details For 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.