Press coverage about Cummins (NYSE:CMI) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cummins earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5134041852299 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Cummins Is Well-Positioned For The Future Of Trucking And Rewards Shareholders Handsomely (seekingalpha.com)
- Cummins announces acquisition of electric and hybrid powertrain rovider (automotiveworld.com)
- Cummins Acquisition ‘Accelerates’ Electrification Ambition (insideindianabusiness.com)
- Cummins (CMI) to Acquire EDI for Electrified Technologies (zacks.com)
- [$$] Cummins to Acquire Efficient Drivetrains (finance.yahoo.com)
Cummins opened at $131.40 on Friday, MarketBeat Ratings reports. Cummins has a twelve month low of $129.90 and a twelve month high of $194.18. The company has a quick ratio of 0.99, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.89 and a beta of 1.15.
Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.39. Cummins had a return on equity of 23.47% and a net margin of 4.33%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period last year, the firm earned $2.36 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts forecast that Cummins will post 13.61 EPS for the current year.
CMI has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price objective on Cummins from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, May 2nd. UBS Group downgraded Cummins from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research note on Tuesday, May 1st. Stifel Nicolaus dropped their price target on Cummins from $180.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, May 2nd. Oppenheimer dropped their price target on Cummins from $207.00 to $192.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Cummins from a “hold” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a research note on Friday, April 6th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $168.19.
Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brands for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets.
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