Media headlines about Cummins (NYSE:CMI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing 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 media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.3055363642633 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Expect Cummins Inc. (CMI) to Announce $3.59 EPS (americanbankingnews.com)
- NMSU Engineering forms partnership with Cummins Inc. (lcsun-news.com)
- Agility is Funding the Development of Domestic and Regional Trade in Africa (cnbcafrica.com)
- Cummins Inc. (CMI) is Rich Dividend Yielding stock with rate of 2.90% (nasdaqchronicle.com)
- Newsmaker: Park Ranger Ray Kutcher, Cummins Falls State Park (wkrn.com)
Several equities research analysts recently commented on the company. Buckingham Research cut Cummins from a “buy” rating to a “neutral” rating and set a $195.00 price objective on the stock. in a research report on Wednesday, May 2nd. Oppenheimer increased their price objective on Cummins to $207.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Co reaffirmed a “buy” rating and set a $195.00 price objective (down from $210.00) on shares of Cummins in a research report on Thursday, February 22nd. Bank of America cut Cummins from a “buy” rating to a “neutral” rating and set a $154.00 price objective on the stock. in a research report on Thursday, May 3rd. They noted that the move was a valuation call. Finally, Deutsche Bank set a $169.00 price objective on Cummins and gave the company a “sell” rating in a research report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $171.45.
Cummins traded down $1.84, reaching $146.54, during trading on Friday, Marketbeat reports. The stock had a trading volume of 1,057,314 shares, compared to its average volume of 1,766,424. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 1.58. Cummins has a 52 week low of $140.60 and a 52 week high of $194.18. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.99 and a beta of 1.24.
Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.91 by $0.39. Cummins had a return on equity of 23.47% and a net margin of 4.33%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the company earned $2.36 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. equities analysts predict that Cummins will post 13.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, May 17th. Cummins’s dividend payout ratio (DPR) is currently 40.68%.
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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