Cummins Inc. (CMI) Analysts See $2.60 EPS

January 8, 2018 - By Vivian Currie

 Cummins Inc. (CMI) Analysts See $2.60 EPS
Investors sentiment increased to 1.1 in Q3 2017. 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.
State Treasurer State Of Michigan holds 47,764 shares or 0.06% of its portfolio. Ls Invest Limited Company has 4,851 shares for 0.05% of their portfolio. Loomis Sayles Lp holds 0.02% in Cummins Inc. (NYSE:CMI) or 66,705 shares. 1St Source Bank reported 6,838 shares. Metropolitan Life Insurance New York, a New York-based fund reported 76,695 shares. Van Hulzen Asset Mngmt Limited Co reported 0.08% in Cummins Inc. (NYSE:CMI). Loudon Ltd Liability Com holds 1.19% of its portfolio in Cummins Inc. (NYSE:CMI) for 9,014 shares. Numeric Invsts Ltd Liability Com holds 66,800 shares. Clinton Gp holds 4,077 shares. 1,361 are owned by Ancora Lc. Moreover, Cincinnati has 0.13% invested in Cummins Inc. (NYSE:CMI) for 17,000 shares. Hartford Inv Mngmt Com holds 0.11% or 34,314 shares in its portfolio. Yorktown Mngmt And Research invested in 1,700 shares or 0.07% of the stock. Century reported 2.63M shares. Davenport And Limited holds 6,044 shares.

Since August 9, 2017, it had 0 buys, and 1 insider 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 17.45 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 decreased 0.16% or $0.29 during the last trading session, reaching $181.46. About 1.12 million shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 8, 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. The rating was maintained by Piper Jaffray with “Hold” on Monday, October 16. The firm earned “Hold” rating on Monday, September 4 by Stifel Nicolaus. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Friday, May 13 by Citigroup. The stock of Cummins Inc. (NYSE:CMI) earned “Market Perform” rating by Wells Fargo on Friday, October 6. As per Wednesday, September 6, the company rating was maintained by Jefferies. The stock of Cummins Inc. (NYSE:CMI) earned “Market Perform” rating by BMO Capital Markets on Wednesday, November 8. Robert W. Baird downgraded the shares of CMI in report on Thursday, April 21 to “Underperform” rating. Citigroup maintained the stock with “Neutral” rating in Friday, October 13 report. William Blair downgraded Cummins Inc. (NYSE:CMI) on Friday, September 25 to “Market Perform” rating. The company was upgraded on Monday, April 18 by Bank of America.

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 $30.12 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 18.44 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 recent Cummins Inc. (NYSE:CMI) news were published by: Businesswire.com which released: “Cummins Brings Its Global Technical Education Program to the US” on January 04, 2018. Also Businesswire.com published the news titled: “Cummins Releases New Generators in QuietConnect Series” on December 20, 2017. Businesswire.com‘s news article titled: “Cummins and NRG Launch Major Technology Platform to Reduce Energy Costs for …” with publication date: December 13, 2017 was also an interesting one.

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