Cummins (CMI) Stock Forecast & Price Target

$351.38 +1.68 (+0.48%)

(As of 12/20/2024 05:31 PM ET)

Cummins - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
1

Hold
7

Buy
6

Based on 14 Wall Street analysts who have issued ratings for Cummins in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 1 has given a sell rating, 7 have given a hold rating, and 6 have given a buy rating for CMI.

Consensus Price Target

$356.92
1.58% Upside

According to the 14 analysts' twelve-month price targets for Cummins, the average price target is $356.92. The highest price target for CMI is $435.00, while the lowest price target for CMI is $225.00. The average price target represents a forecasted upside of 1.58% from the current price of $351.38.

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CMI Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$356.92	$337.67	$299.55	$261.88
Forecasted Upside	1.58% Upside	-8.52% Downside	-2.82% Downside	10.50% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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CMI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cummins Stock vs. The Competition

Type	Cummins	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.36	2.50	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	1.58% Upside	574.72% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent CMI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	Truist Financial 2 of 5 stars		Boost Target	Hold ➝ Hold	$369.00 ➝ $424.00	+18.66%
12/9/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$415.00 ➝ $435.00	+12.75%
12/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Underweight ➝ Neutral	$355.00 ➝ $420.00	+10.64%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$410.00 ➝ $435.00	+14.80%
11/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$294.00 ➝ $408.00	+14.91%
11/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$324.00 ➝ $370.00	+4.30%
Get the Latest News and Ratings for CMI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cummins and its competitors with MarketBeat's FREE daily newsletter.
11/6/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kauffman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$350.00	-1.26%
11/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$330.00 ➝ $372.00	+4.95%
8/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$259.00 ➝ $310.00	+9.70%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$272.00 ➝ $292.00	-0.88%
3/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$254.00 ➝ $321.00	+21.78%
1/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$243.00 ➝ $225.00	-3.51%
1/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$278.00	+16.73%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$290.00 ➝ $288.00	+18.69%
5/31/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$231.00 ➝ $227.00	-1.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:40 AM ET.

Should I Buy Cummins Stock? CMI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

Cummins
Bull Case

Here are some ways that investors could benefit from investing in Cummins Inc.:

Strong Earnings Performance: Cummins Inc. reported earnings per share (EPS) of $5.86 for the latest quarter, significantly exceeding analysts' expectations of $4.89. This indicates robust financial health and effective management.
Consistent Revenue Growth: The company achieved a revenue of $8.46 billion for the quarter, surpassing the forecast of $8.29 billion, reflecting a slight year-over-year increase of 0.3%. This growth suggests resilience in its business operations.
Attractive Dividend Yield: Cummins Inc. recently declared a quarterly dividend of $1.82, translating to an annualized dividend of $7.28 and a yield of 1.93%. This provides a steady income stream for investors.
Positive Analyst Ratings: The consensus rating for Cummins Inc. is "Hold," with several analysts issuing buy ratings and increasing their price targets, indicating confidence in the stock's potential for appreciation.
Current Stock Price: As of now, Cummins Inc. is trading at approximately $369.12, which is near its recent highs, suggesting strong market interest and potential for further growth.

Cummins
Bear Case

Investors should be bearish about investing in Cummins Inc. for these reasons:

High P/E Ratio: The price-to-earnings (P/E) ratio of 24.95 may indicate that the stock is overvalued compared to its earnings, which could deter value-focused investors.
Debt Levels: With a debt-to-equity ratio of 0.43, while relatively manageable, any increase in debt could pose risks, especially in a rising interest rate environment.
Market Volatility: The stock has a beta of 0.99, suggesting it moves in line with the market. This could expose investors to market risks, especially during economic downturns.
Mixed Analyst Opinions: While there are buy ratings, there are also sell and hold ratings from various analysts, indicating uncertainty about the stock's future performance.
Recent Insider Selling: There have been recent insider sales, including a significant transaction by a vice president, which may raise concerns about the company's future prospects from those with inside knowledge.

CMI Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $356.92, with a high forecast of $435.00 and a low forecast of $225.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
: According to analysts, Cummins's stock has a predicted upside of 1.58% based on their 12-month stock forecasts.
: Over the previous 90 days, Cummins's stock had 2 upgrades and 1 downgrade by analysts.
: Cummins has been rated by research analysts at Citigroup, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Robert W. Baird, The Goldman Sachs Group, Truist Financial, and Vertical Research in the past 90 days.
: Analysts like Cummins less than other "auto/tires/trucks" companies. The consensus rating score for Cummins is 2.36 while the average consensus rating score for "auto/tires/trucks" companies is 2.50. Learn more on how CMI compares to other companies.

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This page (NYSE:CMI) was last updated on 12/21/2024 by MarketBeat.com Staff

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Cummins (CMI) Stock Forecast & Price Target