Evaluating Cummins: Insights From 8 Financial Analysts
Portfolio Pulse from Benzinga Insights
Cummins (NYSE:CMI) was analyzed by 8 financial analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target for CMI is now $275.5, up from $251.86, with a high estimate of $321.00 and a low of $225.00. Analysts from firms including Goldman Sachs, JP Morgan, UBS, Truist Securities, Evercore ISI Group, Citigroup, and B of A Securities have updated their ratings and price targets, reflecting a range of views on the company's performance and market position. Cummins, a leading manufacturer of diesel engines and powertrain components, has shown strong revenue growth and market capitalization but faces challenges in net margin, ROE, and ROA.
April 16, 2024 | 2:01 pm
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Cummins received varied analyst ratings and an updated average 12-month price target of $275.5, indicating a positive outlook from some analysts despite challenges in net margin, ROE, and ROA.
The updated price targets and analyst ratings reflect a nuanced view of Cummins' financial health and market position. The increase in the average price target suggests a positive sentiment among some analysts, despite the company's challenges in net margin, ROE, and ROA. This could lead to short-term positive momentum in Cummins' stock price as investors react to the analysts' updated views and targets.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100