Cummins (CMI) Stock Forecast & Price Target

$370.79 -6.60 (-1.75%)

(As of 11/27/2024 ET)

Cummins - Analysts' Recommendations and Stock Price Forecast (2024)

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 13 Analyst Ratings

Sell
2

Hold
6

Buy
5

Based on 13 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 13 analysts, 2 have given a sell rating, 6 have given a hold rating, and 5 have given a buy rating for CMI.

Consensus Price Target

$337.67
-8.93% Downside

According to the 13 analysts' twelve-month price targets for Cummins, the average price target is $337.67. The highest price target for CMI is $415.00, while the lowest price target for CMI is $225.00. The average price target represents a forecasted downside of -8.93% from the current price of $370.79.

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CMI Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$337.67	$311.55	$299.55	$264.50
Forecasted Upside	-8.93% Downside	-6.88% Downside	-3.16% Downside	18.17% 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	2.23	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-10.57% Downside	277.53% Upside	6.73% 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
11/20/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$375.00 ➝ $415.00	+15.30%
11/13/2024	Evercore ISI 2 of 5 stars	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 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$324.00 ➝ $370.00	+4.30%
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%
10/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$285.00 ➝ $340.00	+2.15%
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10/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$349.00 ➝ $371.00	+11.21%
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 Wednesday at 06:25 PM 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 Monday, November 25, 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 quarterly revenue performance of $8.46 billion, exceeding the consensus estimate of $8.29 billion, indicating robust demand and operational efficiency.
High return on equity of 26.86%, showcasing the company's ability to generate profit from shareholders' equity, which is a positive indicator for potential investors.
Recent dividend announcement of $1.82 per share, reflecting a commitment to returning value to shareholders, with an annualized dividend yield of 1.94%.
Analysts have set a consensus price target of $337.67, suggesting potential upside from the current stock price, which is around $358.43, indicating a favorable investment outlook.
Recent upgrades from major brokerages, including Citigroup raising their price objective to $415.00, signaling strong market confidence in Cummins Inc.'s future performance.

Cummins
Bear Case

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

Insider selling activity, with significant shares sold recently, which may indicate a lack of confidence from those within the company.
Mixed analyst ratings, with two analysts issuing sell ratings and a consensus rating of "Hold," suggesting caution among market experts.
Only a modest year-over-year revenue growth of 0.3%, which may not meet the expectations of aggressive growth investors.
High payout ratio of 48.08%, which could limit the company's ability to reinvest in growth opportunities or weather economic downturns.
Potential market volatility and economic uncertainties that could impact demand for Cummins Inc.'s products, particularly in the energy and transportation sectors.

CMI Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $337.67, with a high forecast of $415.00 and a low forecast of $225.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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 downside of -8.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Cummins's stock had 1 upgrade and 1 downgrade by analysts.
: Cummins has been rated by research analysts at Citigroup, Evercore ISI, 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 2.23 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 11/27/2024 by MarketBeat.com Staff

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Cummins (CMI) Stock Forecast & Price Target