Cummins (CMI) Earning Somewhat Critical News Coverage, Report Finds

Media coverage about Cummins (NYSE:CMI) has been trending somewhat negative on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cummins earned a coverage optimism score of -0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 49.6394862759627 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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CMI has been the subject of a number of analyst reports. Seaport Global Securities reiterated a “neutral” rating on shares of Cummins in a research note on Tuesday, January 16th. Zacks Investment Research downgraded Cummins from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Citigroup lifted their price target on Cummins from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Morgan Stanley initiated coverage on Cummins in a research note on Friday, March 2nd. They set an “equal weight” rating and a $173.00 price target for the company. Finally, Bank of America upgraded Cummins from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $184.21.

Shares of NYSE CMI traded up $0.80 during midday trading on Tuesday, reaching $167.47. The company’s stock had a trading volume of 1,252,351 shares, compared to its average volume of 1,640,509. Cummins has a 12-month low of $143.83 and a 12-month high of $194.18. The company has a market capitalization of $26,905.31, a PE ratio of 15.77, a PEG ratio of 1.13 and a beta of 1.22. The company has a quick ratio of 1.01, a current ratio of 1.57 and a debt-to-equity ratio of 0.19.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.38. Cummins had a return on equity of 22.18% and a net margin of 4.89%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. research analysts expect that Cummins will post 12.59 EPS for the current fiscal year.

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Cummins Company Profile

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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