Cummins Inc (NYSE:CMI) Stock Sentiment Increases

April 25, 2018 - By Clifton Ray

Cummins Inc. (NYSE:CMI) Logo

Sentiment for Cummins Inc (NYSE:CMI)

Cummins Inc (NYSE:CMI) institutional sentiment increased to 1.27 in 2017 Q4. Its up 0.17, from 1.1 in 2017Q3. The ratio is more positive, as 379 active investment managers increased or started new equity positions, while 298 sold and decreased their positions in Cummins Inc. The active investment managers in our partner’s database now possess: 131.82 million shares, down from 132.23 million shares in 2017Q3. Also, the number of active investment managers holding Cummins Inc in their top 10 equity positions decreased from 16 to 12 for a decrease of 4. Sold All: 47 Reduced: 251 Increased: 271 New Position: 108.

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 $26.77 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 27.25 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.

The stock increased 0.82% or $1.33 during the last trading session, reaching $162.66. About 984,575 shares traded. Cummins Inc. (NYSE:CMI) has risen 6.07% since April 25, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1 before the open. They expect $2.90 EPS, up 22.88 % or $0.54 from last year’s $2.36 per share. CMI’s profit will be $477.27M for 14.02 P/E if the $2.90 EPS becomes a reality. After $3.03 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.29 % negative EPS growth.

Cincinnati Casualty Co holds 6.89% of its portfolio in Cummins Inc. for 46,000 shares. Marshfield Associates owns 557,537 shares or 6.44% of their US portfolio. Moreover, Raub Brock Capital Management Lp has 4.62% invested in the company for 105,604 shares. The Indiana-based Kessler Investment Group Llc has invested 4.16% in the stock. Weybosset Research & Management Llc, a Rhode Island-based fund reported 38,079 shares.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Ratings analysis reveals 37% of Cummins’s analysts are positive. Out of 19 Wall Street analysts rating Cummins, 7 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $155.0 while the high is $215.0. The stock’s average target of $183.13 is 12.58% above today’s ($162.66) share price. CMI was included in 28 notes of analysts from October 31, 2017. Robert W. Baird maintained the stock with “Sell” rating in Tuesday, February 6 report. The firm has “Buy” rating by Oppenheimer given on Wednesday, December 6. The stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by JP Morgan on Tuesday, April 10. RBC Capital Markets maintained it with “Hold” rating and $191.0 target in Thursday, January 11 report. As per Friday, January 19, the company rating was upgraded by Bank of America. Argus Research maintained Cummins Inc. (NYSE:CMI) rating on Monday, November 6. Argus Research has “Buy” rating and $195 target. The stock of Cummins Inc. (NYSE:CMI) earned “Buy” rating by Buckingham Research on Wednesday, November 1. Piper Jaffray maintained Cummins Inc. (NYSE:CMI) on Friday, December 8 with “Hold” rating. The rating was maintained by Credit Suisse on Wednesday, February 7 with “Outperform”. Wells Fargo maintained the shares of CMI in report on Thursday, February 22 with “Buy” rating.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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