In a report released yesterday, Tami Zakaria from J.P. Morgan maintained a Sell rating on Cummins (CMI – Research Report), with a price target of $245.00. The company’s shares closed yesterday at $233.19.
According to TipRanks, Zakaria is a 5-star analyst with an average return of 22.0% and a 69.07% success rate. Zakaria covers the Industrials sector, focusing on stocks such as Caterpillar, CNH Industrial, and Deere.
Currently, the analyst consensus on Cummins is a Hold with an average price target of $256.25.
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Based on Cummins’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.43 billion and a net profit of $656 million. In comparison, last year the company earned a revenue of $7.33 billion and had a net profit of $400 million
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Cummins (CMI) Company Description:
Founded in 1919 and based in Indiana, Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through five segments: Engine, Distribution, Components, Power Systems and New Power.
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