Analyst Ratings for Cummins Inc. (CMI)

Updated: 2017-07-27

Analysts covering Cummins Inc. (NYSE:CMI) have given it a consensus rating of Hold. A consensus rating of Hold was previously issued for CMI last month.

Of the 23 analysts covering the stock, 7 gave it a buy rating, 0 gave an overweight rating, 13 gave a hold rating, 1 gave an underweight rating, and 2 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 1.

CMI was given price targets by several analysts. The maximum price target given was 200, implying a possible profit of 20.61 percent. The lowest price target was 135, which equates to a potential downside of -18.59 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.59 percent. That number becomes 16 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.27 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 15.92 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of CMI's earnings is estimated by analysts to be 7.7 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CMI is 2.47.

CMI has traded between a high of 170.68 and a low of 116.03 over the past year. Today's price is 42.91 percent above the 52-week low, and below the high by 2.85 percent. CMI has a price/earnings ratio of 19.03. Investors typically compare the P/E ratio to a company's peers in the industry. The CMI value stock report compares CMI to some of its peers using value stock charts. The stock has a market capitalization of $27.88 billion. CMI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.