The Analyst Verdict: Cummins In The Eyes Of 7 Experts
Portfolio Pulse from Benzinga Insights
Cummins (NYSE:CMI) has been the subject of diverse analyst opinions ranging from bullish to bearish over the past quarter, with a total of 7 analysts offering their views. The recent evaluations show a shift towards a more neutral stance in the last 30 days compared to previous months. The average 12-month price target for Cummins has been raised to $289.86, indicating an 11.27% increase from the previous target of $260.50. Analysts from firms including Baird, Goldman Sachs, JP Morgan, UBS, Truist Securities, Evercore ISI Group, and Citigroup have updated their ratings and price targets, reflecting various adjustments based on market conditions and company performance. Cummins, a leading manufacturer of diesel engines and powertrain components, has shown strong financial performance with a notable revenue growth rate and above-average market capitalization, despite challenges in net margin, ROE, and ROA.
May 03, 2024 | 12:00 pm
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Cummins has received mixed analyst ratings with an updated average 12-month price target of $289.86, indicating a positive outlook from the previous target. The company's strong financial performance and market position are highlighted, despite some challenges in profitability and asset utilization.
The increase in Cummins' average price target reflects a positive sentiment among analysts, suggesting a bullish outlook for the stock in the short term. The diverse analyst opinions and the adjustments in price targets indicate ongoing interest and confidence in the company's financial health and market position. Despite some financial challenges, the overall positive revenue trend and market capitalization are likely to support a favorable short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100