Cummins (NYSE:CMI) had its price target trimmed by Credit Suisse Group from $208.00 to $205.00 in a report released on Wednesday. The firm currently has an outperform rating on the stock.

CMI has been the topic of several other reports. Bank of America upgraded shares of Cummins from a neutral rating to a buy rating and set a $215.00 price objective on the stock in a research report on Friday, January 19th. BMO Capital Markets upped their price objective on shares of Cummins from $185.00 to $190.00 and gave the stock a market perform rating in a research report on Wednesday, November 8th. Argus upped their price objective on shares of Cummins from $172.00 to $195.00 and gave the stock a buy rating in a research report on Monday, November 6th. Jefferies Group upped their price objective on shares of Cummins from $165.00 to $180.00 and gave the stock a hold rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $170.00 price objective on shares of Cummins and gave the stock a hold rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $188.18.

Cummins (NYSE:CMI) opened at $164.05 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.03. The firm has a market cap of $27,226.89, a P/E ratio of 15.43, a P/E/G ratio of 1.17 and a beta of 1.14. Cummins has a 52-week low of $143.83 and a 52-week high of $194.18.

Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $3.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.38. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Cummins had a net margin of 4.89% and a return on equity of 22.18%. Cummins’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. analysts anticipate that Cummins will post 12.44 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CMI. Hall Laurie J Trustee boosted its stake in shares of Cummins by 841.7% during the fourth quarter. Hall Laurie J Trustee now owns 2,260 shares of the company’s stock valued at $101,000 after purchasing an additional 2,020 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Cummins during the third quarter valued at approximately $132,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Cummins during the third quarter valued at approximately $168,000. Krilogy Financial LLC purchased a new stake in shares of Cummins during the third quarter valued at approximately $168,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Cummins during the third quarter valued at approximately $201,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/cummins-cmi-pt-lowered-to-205-00-at-credit-suisse-group/1859126.html.

About Cummins

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.

Analyst Recommendations for Cummins (NYSE:CMI)

Receive News & Ratings for Cummins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cummins and related companies with MarketBeat.com's FREE daily email newsletter.