Cummins Inc. (CMI) Analysts See $2.60 EPS

January 13, 2018 - By Darrin Black

 Cummins Inc. (CMI) Analysts See $2.60 EPS
Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold Cummins Inc. shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported.
Brinker accumulated 0.07% or 9,897 shares. Monetary Mngmt Grp Inc, Missouri-based fund reported 200 shares. Laurel Grove Ltd Liability Corp stated it has 25,952 shares. Prudential Public Limited stated it has 0% in Cummins Inc. (NYSE:CMI). Alphamark, Kentucky-based fund reported 270 shares. 100,877 are owned by Sei. Focused Wealth Mngmt Inc has 0.01% invested in Cummins Inc. (NYSE:CMI) for 200 shares. Wms Prtn Limited Com reported 0.03% in Cummins Inc. (NYSE:CMI). State Board Of Administration Of Florida Retirement System holds 0.11% of its portfolio in Cummins Inc. (NYSE:CMI) for 229,821 shares. Fairfield Bush & has invested 0.26% in Cummins Inc. (NYSE:CMI). Cincinnati Fincl has 17,000 shares for 0.13% of their portfolio. Kornitzer Cap Mngmt Ks reported 0.07% in Cummins Inc. (NYSE:CMI). Marvin And Palmer Assoc has invested 4.38% in Cummins Inc. (NYSE:CMI). Price T Rowe Assocs Md holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 489,888 shares. Sfe Invest Counsel owns 6,177 shares for 0.44% of their portfolio.

Since August 9, 2017, it had 0 buys, and 1 sale for $260,085 activity.

Analysts expect Cummins Inc. (NYSE:CMI) to report $2.60 EPS on February, 8.They anticipate $0.35 EPS change or 15.56 % from last quarter’s $2.25 EPS. CMI’s profit would be $431.52M giving it 17.71 P/E if the $2.60 EPS is correct. After having $2.71 EPS previously, Cummins Inc.’s analysts see -4.06 % EPS growth. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47M shares traded or 8.43% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 13, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 91 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $108 target in Wednesday, October 12 report. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Wednesday, October 28 by Deutsche Bank. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, October 6. BMO Capital Markets maintained it with “Hold” rating and $15000 target in Thursday, July 6 report. RBC Capital Markets maintained the shares of CMI in report on Tuesday, October 10 with “Hold” rating. Piper Jaffray maintained the stock with “Hold” rating in Monday, October 16 report. The stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by Longbow on Thursday, October 12. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Tuesday, October 31 by Piper Jaffray. Wells Fargo maintained the stock with “Market Perform” rating in Friday, October 6 report. The firm has “Neutral” rating by Citigroup given on Friday, May 13.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $30.57 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 18.72 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

More news for Cummins Inc. (NYSE:CMI) were recently published by: Businesswire.com, which released: “Cummins Releases New Generators in QuietConnect Series” on December 20, 2017. Seekingalpha.com‘s article titled: “Cummins Stock Is Positioned For Outperformance” and published on January 10, 2018 is yet another important article.

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