Cummins (CMI) Given Daily Media Sentiment Rating of 0.10
News articles about Cummins (NYSE:CMI) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cummins earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.597464570387 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Notable Buzzers: Cummins Inc. (CMI), McDonald’s Corp. (MCD) – Newburgh Gazette (newburghgazette.com)
- Top Ranked Income Stocks to Buy for November 9th (finance.yahoo.com)
- Cummins, Inc. breached its 50 day moving average in a Bearish Manner : CMI-US : November 10, 2017 (finance.yahoo.com)
- Cummins Inc (NYSE: CMI) – Hot Stock’s Watch List – Alpha Beta Stock (alphabetastock.com)
- ETFs with exposure to Cummins, Inc. : November 9, 2017 (finance.yahoo.com)
Cummins (NYSE CMI) opened at $168.95 on Monday. The company has a market cap of $28,040.12, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. 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 $133.16 and a 12 month high of $181.79.
Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $2.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.47 by $0.24. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $4.79 billion. Cummins had a net margin of 8.49% and a return on equity of 21.28%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 earnings per share. sell-side analysts forecast that Cummins will post 10.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.56%. Cummins’s dividend payout ratio (DPR) is currently 43.86%.
A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Cummins from $185.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. Argus raised their price target on shares of Cummins from $172.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Royal Bank Of Canada raised their price target on shares of Cummins from $169.00 to $173.00 and gave the stock a “sector perform” rating in a report on Thursday, November 2nd. Jefferies Group LLC raised their price target on shares of Cummins from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, Robert W. Baird restated a “sell” rating and set a $155.00 price target on shares of Cummins in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $173.96.
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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