Somewhat Positive News Coverage Somewhat Unlikely to Affect Cummins (NYSE:CMI) Share Price
News coverage about Cummins (NYSE:CMI) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cummins earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 49.4911143931272 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Cummins Inc. (CMI) Expected to Post Earnings of $2.64 Per Share (americanbankingnews.com)
- Armistice Capital – Llc Insider Deal for 100,000 Shares of Vical (VICL … – Promma News (prommanews.com)
- Hot Mover to Watch – Cummins Inc (NYSE: CMI) – Alpha Beta Stock (alphabetastock.com)
- Hot Stock in the Spotlight – Cummins Inc (NYSE: CMI) – Alpha Beta Stock (alphabetastock.com)
- Pure Storage, Inc. (PSTG) Smart Insider Ownership of 0.90%– also Cummins Inc. (CMI) has 0.10% – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of equities research analysts have recently issued reports on CMI shares. Seaport Global Securities reaffirmed a “neutral” rating on shares of Cummins in a report on Tuesday, January 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $190.00 price target (up previously from $186.00) on shares of Cummins in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Cummins from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BMO Capital Markets upped their price target on shares of Cummins from $185.00 to $190.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Finally, Jefferies Group increased their target price on shares of Cummins from $165.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $182.07.
Cummins (NYSE:CMI) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.24. Cummins had a net margin of 8.49% and a return on equity of 21.28%. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $4.79 billion. During the same period last year, the company posted $2.02 earnings per share. The business’s quarterly revenue was up 26.2% on a year-over-year basis. research analysts anticipate that Cummins will post 10.22 EPS for the current year.
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.
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