Cummins Inc. (CMI)'s Trend Up, Especially After Today's All Time High Milestone

Marco Green
January 14, 2018

The stock increased 0.50% or $0.9 during the last trading session, reaching $181.46.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. The institutional investor held 8,950 shares of the transportation company at the end of 2017Q3, valued at $681,000, down from 13,180 at the end of the previous reported quarter. Vnbtrust Association owns 1,785 shares for 0.15% of their portfolio. About 1.34 million shares traded or 19.38% up from the average. The stock increased 2.34% or $2.65 during the last trading session, reaching $115.91. Piper Jaffray Companies set a $175.00 target price on Cummins and gave the company a "hold" rating in a research report on Sunday, December 10th. Royal Bank of Canada raised their target price on Cummins from $169.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 2nd. Cummins has a 52-week low of $134.06 and a 52-week high of $183.34. The rating was maintained by Stifel Nicolaus with "Hold" on Monday, July 17. The company was initiated on Wednesday, September 7 by Deutsche Bank. Jefferies initiated the stock with "Buy" rating in Tuesday, April 11 report.

Analysts await Pinnacle Foods Inc. (NASDAQ:CHRW) to report earnings on January, 30. The company has market cap of $2.77 billion. The earnings per share growth over the next five years are expected to be 13.85%. Tiemann Invest Advsrs Ltd invested in 0.31% or 2,180 shares. Ngam Ltd Partnership holds 0.03% of its portfolio in Cummins Inc. The Virginia-based Chase Investment Counsel Corp has invested 1.99% in the stock.

Now the return on equity is 22.60% and its debt to equity is 0.30.

Sterling Capital Management Llc decreased its stake in Cummins Inc Com (CMI) by 3.56% based on its latest 2017Q3 regulatory filing with the SEC.

Investors sentiment increased to 1.1 in 2017 Q3. Fenimore Asset Mngmt Inc reported 0.01% stake. It improved, as 57 investors sold CMI shares while 253 reduced holdings. Signaturefd LLC raised its stake in Cummins by 17.1% in the second quarter. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Cedar Hill Associate Limited Liability Company reported 1,787 shares. 1,512 are owned by Mirae Asset Invs Ltd. 2,984 are held by Hancock Holdg. (NYSE:CMI) opened at $184.18 on Friday. Itau Unibanco Holding S.A. purchased a new stake in shares of Cummins during the third quarter valued at approximately $114,000. (NYSE:CMI) on Thursday, November 16 with "Buy" rating. Old Mutual Glob (Uk) invested in 926,242 shares or 1.63% of the stock. The original version of this report can be viewed at Janney Montgomery Scott Limited Company holds 36,090 shares. Jump Trading Limited Company has invested 0.04% in Cummins Inc. During the same quarter last year, the company earned $2.02 EPS. equities analysts forecast that Cummins will post 10.2 earnings per share for the current fiscal year.

Cummins (NYSE:CMI) last released its earnings results on Tuesday, October 31st. The rating was downgraded by CLSA on Thursday, December 1 to "Outperform".

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st.

Since August 9, 2017, it had 0 buys, and 1 insider sale for $260,085 activity. (NASDAQ:CHRW) rating on Wednesday, September 2. The firm has a market capitalization of $30,570.00, a P/E ratio of 18.72, a P/E/G ratio of 1.32 and a beta of 1.14. Evercore upgraded the stock to "Buy" rating in Monday, November 7 report. CMI's profit would be $431.52 million giving it 17.60 P/E if the $2.60 EPS is correct. (NYSE:CMI) earned "Underweight" rating by Morgan Stanley on Wednesday, October 28. Companies having a market cap of $10 billion or more are typically considered as the major players of the market. The rating was downgraded by Longbow on Thursday, October 12 to "Neutral". Canandaigua Financial Bank reported 0.04% in Cummins Inc. Zweig has 1.13% invested in Cummins Inc. The insider ChangDiaz Franklin R sold $260,085. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating on the company.

Its 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, agricultural and governmental equipment markets. The rating was maintained by Macquarie Research on Wednesday, October 28 with "Outperform". Security Comml Bank Of So Dak invested in 4,942 shares. (NYSE:CMI). Stevens Management Ltd Partnership has invested 0.38% of its portfolio in Cummins Inc. Therefore 25% are positive. (NYSE:CMI) earned "Hold" rating by Stifel Nicolaus on Wednesday, October 18. The institutional investor held 47,712 shares of the consumer services company at the end of 2017Q3, valued at $5.67M, down from 103,000 at the end of the previous reported quarter. CMI was included in 91 notes of analysts from July 22, 2015. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, October 11.

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