Cummins (NYSE:CMI) “Sell” Rating Kept Today By Robert W. Baird; The Price Objective is $155.0

January 23, 2018 - By Lynda A. Deweese

 Cummins (NYSE:CMI)

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It is positive, 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.

Mitsubishi Ufj Securities Holdg accumulated 100 shares. James Inv holds 10,465 shares. Fairfield Bush & has invested 0.26% in Cummins Inc. (NYSE:CMI). New York State Teachers Retirement reported 268,620 shares. Scotia Cap invested in 0.05% or 18,933 shares. Glg Ltd Co owns 8,403 shares. 9,114 are held by Chemical National Bank. Tokio Marine Asset Mngmt Limited has 1,513 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management invested in 0.13% or 85,800 shares. Compton Cap Mgmt Ri has 0.21% invested in Cummins Inc. (NYSE:CMI) for 2,725 shares. Gamble Jones Investment Counsel reported 24,646 shares. Swiss Bank & Trust has 588,019 shares. Kistler has 0.21% invested in Cummins Inc. (NYSE:CMI) for 2,923 shares. Sun Life Fincl has 1,160 shares for 0.02% of their portfolio. Opus Management has invested 0.37% in Cummins Inc. (NYSE:CMI).

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

Cummins (NYSE:CMI) Rating Reaffirmed

Cummins (NYSE:CMI) just had their share rating of a ‘”Sell”‘ issued by research analysts at Robert W. Baird, who now has a $155.0 PT on the $31.35B market cap company or a -17.94 % downside potential. This key information was shown in a research report on Wednesday, 1 November.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It is positive, 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.

Mitsubishi Ufj Securities Holdg accumulated 100 shares. James Inv holds 10,465 shares. Fairfield Bush & has invested 0.26% in Cummins Inc. (NYSE:CMI). New York State Teachers Retirement reported 268,620 shares. Scotia Cap invested in 0.05% or 18,933 shares. Glg Ltd Co owns 8,403 shares. 9,114 are held by Chemical National Bank. Tokio Marine Asset Mngmt Limited has 1,513 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management invested in 0.13% or 85,800 shares. Compton Cap Mgmt Ri has 0.21% invested in Cummins Inc. (NYSE:CMI) for 2,725 shares. Gamble Jones Investment Counsel reported 24,646 shares. Swiss Bank & Trust has 588,019 shares. Kistler has 0.21% invested in Cummins Inc. (NYSE:CMI) for 2,923 shares. Sun Life Fincl has 1,160 shares for 0.02% of their portfolio. Opus Management has invested 0.37% in Cummins Inc. (NYSE:CMI).

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

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 28 analysts covering Cummins (NYSE:CMI), 8 have Buy rating, 3 Sell and 17 Hold. Therefore 29% are positive. Cummins has $215.0 highest and $79 lowest target. $157.96’s average target is -16.37% below currents $188.88 stock price. Cummins had 93 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Monday, January 25 by Citigroup. CLSA downgraded the shares of CMI in report on Thursday, December 1 to “Outperform” rating. On Friday, January 19 the stock rating was upgraded by Bank of America to “Buy”. The stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Piper Jaffray on Friday, December 8. As per Thursday, January 19, the company rating was upgraded by Longbow. The company was upgraded on Monday, November 7 by Evercore. RBC Capital Markets maintained Cummins Inc. (NYSE:CMI) on Thursday, March 23 with “Hold” rating. On Thursday, April 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Sell” rating on Wednesday, November 1 by Robert W. Baird. On Wednesday, November 1 the stock rating was maintained by Jefferies with “Hold”.

The stock decreased 0.37% or $0.7 during the last trading session, reaching $188.88. About 291,787 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 23, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 EPS, up 15.56 % or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52M for 18.16 P/E if the $2.60 EPS becomes a reality. After $2.71 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06 % negative EPS growth.

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 $31.35 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 19.19 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: Seekingalpha.com which released: “Cummins Stock Is Positioned For Outperformance” on January 10, 2018. Also Seekingalpha.com published the news titled: “How Far Could Cummins Fall?” on January 22, 2018. Gurufocus.com‘s news article titled: “Lau Associates Llc Buys Discover Financial Services, Cummins Inc, Alaska Air …” with publication date: January 23, 2018 was also an interesting one.

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