Bernstein analyst Chad Dillard maintained a Hold rating on Cummins (CMI – Research Report) yesterday and set a price target of $237.00. The company’s shares closed last Friday at $270.26.
According to TipRanks, Dillard is a 4-star analyst with an average return of 9.7% and a 60.66% success rate. Dillard covers the Industrials sector, focusing on stocks such as Quanta Services, Caterpillar, and Cummins.
In addition to Bernstein, Cummins also received a Hold from CFRA’s Stewart Glickman in a report issued on February 29. However, on February 20, Citi maintained a Buy rating on Cummins (NYSE: CMI).
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The company has a one-year high of $273.23 and a one-year low of $198.93. Currently, Cummins has an average volume of 1.21M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMI in relation to earlier this year. Last month, Sharon Barner, the VP – Chief Administrative Off of CMI sold 2,100.00 shares for a total of $569,706.00.
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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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