Cummins (CMI) Earns Media Sentiment Rating of 0.13
News stories about Cummins (NYSE:CMI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cummins earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5581678096085 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Cummins (CMI) Holder Horan Capital Management Has Decreased Holding as Stock Rose; Mastercard (MA … – Hill Country Times (hillcountrytimes.com)
- Lookout for Volatility – Cummins Inc., (NYSE: CMI) – Stock Watch (stocksnewstimes.com)
- Cummins and NRG Launch Major Technology Platform to Reduce Energy Costs for Large Businesses – Business Wire (press release) (businesswire.com)
- Cummins (CMI) Receives New Coverage from Analysts at Barclays (americanbankingnews.com)
- Cummins Inc (CMI): Immense Growth Potential? (finance.yahoo.com)
A number of research analysts recently weighed in on CMI shares. Barclays started coverage on Cummins in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $180.00 target price on the stock. Piper Jaffray Companies set a $175.00 price objective on Cummins and gave the stock a “hold” rating in a research report on Sunday, December 10th. Oppenheimer began coverage on Cummins in a research report on Thursday, December 7th. They set an “outperform” rating and a $192.00 price objective for the company. Goldman Sachs Group downgraded Cummins from a “buy” rating to a “neutral” rating and set a $180.00 price objective for the company. in a research report on Thursday, November 30th. Finally, ValuEngine downgraded Cummins from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $178.69.
Cummins (NYSE CMI) traded up $1.08 on Friday, reaching $169.63. The company’s stock had a trading volume of 1,465,265 shares, compared to its average volume of 1,527,457. The firm has a market capitalization of $28,152.98, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.03. Cummins has a 12-month low of $134.06 and a 12-month high of $181.79.
Cummins (NYSE:CMI) last released its earnings results on Tuesday, October 31st. The company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.24. Cummins had a return on equity of 21.28% and a net margin of 8.49%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $4.79 billion. During the same period in the prior year, the firm posted $2.02 earnings per share. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. research analysts predict that Cummins will post 10.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.55%. Cummins’s payout ratio is presently 43.86%.
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The 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 and agricultural markets.
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