Barclays analyst Adam Seiden maintained a Hold rating on Cummins (CMI – Research Report) today and set a price target of $259.00. The company’s shares closed last Friday at $287.56.
According to TipRanks, Seiden is a 5-star analyst with an average return of 11.8% and a 55.56% success rate. Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar.
Cummins has an analyst consensus of Hold, with a price target consensus of $285.80, implying a -0.61% downside from current levels. In a report released on April 16, Goldman Sachs also maintained a Hold rating on the stock with a $306.00 price target.
CMI market cap is currently $40.79B and has a P/E ratio of 55.83.
Based on the recent corporate insider activity of 68 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. Most recently, in February 2024, 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.
