Media coverage about Cummins (NYSE:CMI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cummins earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4545937148372 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 news articles that may have effected Accern’s analysis:
A number of research analysts recently weighed in on the stock. Credit Suisse Group decreased their target price on shares of Cummins from $208.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TheStreet downgraded shares of Cummins from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. Stifel Nicolaus restated a “hold” rating and set a $182.00 target price on shares of Cummins in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Cummins from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Friday, February 9th. Finally, William Blair restated a “hold” rating on shares of Cummins in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $188.18.
Shares of Cummins (NYSE CMI) opened at $165.63 on Wednesday. Cummins has a 1-year low of $143.83 and a 1-year high of $194.18. The company has a current ratio of 1.57, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The firm has a market cap of $27,490.00, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14.
Cummins (NYSE:CMI) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.38. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.23 billion. Cummins had a net margin of 4.89% and a return on equity of 22.18%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 EPS. equities analysts predict that Cummins will post 12.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Friday, February 23rd will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.61%. Cummins’s payout ratio is presently 72.73%.
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Cummins Company Profile
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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