Cummins (NYSE:CMI) Stock Gets Price Target Trim from Citigroup

Cummins (NYSE:CMI) had its price target decreased by research analysts at Citigroup from $630.00 to $525.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective points to a potential upside of 16.52% from the company’s current price.

Several other research firms have also recently weighed in on CMI. Evercore lowered their price target on Cummins from $845.00 to $782.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Wells Fargo & Company cut their price objective on shares of Cummins from $608.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday. Truist Financial reduced their price objective on shares of Cummins from $779.00 to $637.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen cut shares of Cummins from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings downgraded shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and a consensus price target of $674.53.

Cummins Stock Up 0.4%

Cummins stock traded up $1.98 during midday trading on Friday, reaching $450.56. The company’s stock had a trading volume of 2,137,566 shares, compared to its average volume of 1,025,637. The company has a market cap of $62.02 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.24 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $528.92 and a 200-day simple moving average of $600.18. Cummins has a fifty-two week low of $443.62 and a fifty-two week high of $737.76.

Cummins (NYSE:CMI) last released its quarterly earnings data on Thursday, November 5th. The company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.20 by $0.05. Cummins had a return on equity of 25.29% and a net margin of 7.82%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the firm posted $5.59 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, research analysts expect that Cummins will post 29.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cummins news, VP Earl Newsome sold 698 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $572.22, for a total transaction of $399,409.56. Following the transaction, the vice president directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cummins

Several hedge funds have recently made changes to their positions in CMI. Valmark Advisers Inc. grew its stake in shares of Cummins by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 877 shares of the company’s stock valued at $472,000 after purchasing an additional 16 shares during the last quarter. Guardian Partners Inc. raised its stake in shares of Cummins by 1.0% during the first quarter. Guardian Partners Inc. now owns 1,584 shares of the company’s stock worth $852,000 after purchasing an additional 16 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Cummins by 2.0% during the second quarter. Legacy Financial Advisors Inc. now owns 955 shares of the company’s stock worth $681,000 after purchasing an additional 19 shares during the last quarter. Sage Private Wealth Group LLC raised its stake in shares of Cummins by 3.0% during the third quarter. Sage Private Wealth Group LLC now owns 660 shares of the company’s stock worth $341,000 after purchasing an additional 19 shares during the last quarter. Finally, Ariadne Wealth Management LP lifted its holdings in shares of Cummins by 5.1% during the first quarter. Ariadne Wealth Management LP now owns 415 shares of the company’s stock worth $223,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.

Cummins News Roundup

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Data-center demand is surging, and Cummins cited shipment recovery and capacity expansion as growth supports. Quarterly profit also increased substantially year over year. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
• Negative Sentiment: Cummins cut its FY 2026 revenue outlook to $37.0 billion, below the roughly $37.7 billion analyst estimate, citing weakness in pickup trucks. Q3 revenue of $9.44 billion also fell short of estimates, tempering the profit growth. Cummins Q3 Profit More Than Doubles; Cuts FY26 Revenue Outlook
• Negative Sentiment: Truist cut its price target to $637 from $779, while retaining a Buy rating. Wells Fargo lowered its target to $520 from $608 but maintained Overweight. The reductions reflect a more cautious outlook, although both firms’ targets remain above the recent share price. Truist Financial ratings Wells Fargo ratings

About Cummins

Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.

The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.

Cummins serves customers in markets around the world through manufacturing operations, distribution networks and service locations.