Don't Even Think About Cummins Before Reading This Report!

Large-cap Industrials company Cummins has logged a 0.2% change today on a trading volume of 26,951. The average volume for the stock is 1,080,020.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. Based in Columbus, United States the company has 73,600 full time employees and a market cap of $32,290,293,760.

The company is now trading -12.04% away from its average analyst target price of $259.33 per share. The 18 analysts following the stock have set target prices ranging from $216.0 to $303.9, and on average give Cummins a rating of buy.

Over the last year, CMI shares have gone up 9.0%, which represents a difference of 13.0% when compared to the S&P 500. The stock's 52 week high is $261.91 per share whereas its 52 week low is $184.28. With its gross margins declining a compounded average of -1.5% over the last 4 years, Cummins may not have a strong enough business to maintain this trend.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 28,074,000 21,355,000 23.93 0.93
2021-12-31 24,021,000 18,326,000 23.71 -4.01
2020-12-31 19,811,000 14,917,000 24.7 -2.64
2019-12-31 23,571,000 17,591,000 25.37 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.