Economy

Citigroup Keeps Rating And Raises Price Target On Cummins Inc. (CMI)

State Street Corp now owns 12,238,897 shares of the company's stock valued at $1,850,515,000 after acquiring an additional 61,286 shares during the period. The stock had a trading volume of 1,438,859 shares.

At Cummins Inc., the percentage of institutional ownership is now at 83.69% percent of its total shares outstanding, with the total value of institutional ownership at $24.6 billion. Good Life Advisors LLC grew its position in Cummins by 0.6% during the 2nd quarter. Affinity Investment Advisors, LLC controls 13,635 shares with a value of $2,291,000. Finally, Royce & Associates LP lifted its holdings in shares of Cummins by 105.0% during the 1st quarter. Inc. now owns 38,255 shares of the company's stock valued at $4,902,000 after buying an additional 675 shares during the period.

When we use the term "shares outstanding", we are referring to the total number of shares of a public company owned by any person or group - including insiders, the company's officers, and institutional investors. (NYSE:CMI) to release earnings on November, 7. The company's stock had a trading volume of 751,802 shares. Cummins has $20000 highest and $79 lowest target.

The stock last traded at $176.88 which is slightly above the 50 day moving average of $171.72 and a tad above the 200 day moving average of $161.67.

Cummins (NYSE:CMI) last issued its earnings results on Tuesday, October 31st. They expect $0.85 earnings per share, down 18.27% or $0.19 from last year's $1.04 per share. The company had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $4.79 billion. Cummins had a net margin of 6.97% and a return on equity of 19.48%. The company's revenue was up 26.2% on a year-over-year basis. The average annual EPS growth estimates for the next one year is at 10.74%.

On 5/9/2017 Cummins announced a quarterly dividend of $1.03 2.58% with an ex dividend date of 5/17/2017 which will be payable on 6/1/2017.

More notable recent Cummins Inc. Stockholders of record on Monday, November 21st will be paid a $1.025 dividend. Target Corporation (NYSE:TGT) has declined 16.51% since November 2, 2016 and is downtrending. This dividend represents a yield of $2.41. Cummins's dividend payout ratio is now 48.76%.

ILLEGAL ACTIVITY WARNING: This story was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of USA and worldwide trademark & copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/02/cummins-inc-cmi-price-target-increased-to-180-00-by-analysts-at-jefferies-group-llc.html. 1,300 shares valued at $206,911 were sold by HERMAN ALEXIS M on Wednesday, May 10. It is positive, as 49 investors sold Cummins Inc. shares while 269 reduced holdings. Following the transaction, the director now directly owns 5,814 shares of the company's stock, valued at $925,995.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. (NYSE:CMI) to report earnings on November, 7. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The firm earned "Buy" rating on Monday, August 24 by Standpoint Research. Buckingham Research started coverage on Cummins in a report on Tuesday, September 5th. The stock now has an average rating of "Hold" and a consensus price target of $114.89.

The current consensus rating on Cummins (NYSE:CMI) is Hold (Score: 2.13) with a consensus target price of $167.53 per share, a potential 5.28% downside. Finally, ValuEngine cut shares of Cummins from a "buy" rating to a "hold" rating in a report on Tuesday, August 1st. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (NYSE:CMI). Chicago Equity Prns Ltd Company holds 0.29% or 67,110 shares. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment makes 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, light-duty automotive and agricultural markets. (NYSE:CMI) has "Hold" rating given on Tuesday, October 31 by Stifel Nicolaus.



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