Cummins Inc. (CMI)
NYSE: CMI · Real-Time Price · USD
328.98
-2.86 (-0.86%)
Oct 31, 2024, 4:00 PM EDT - Market closed
Cummins Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Cummins stock have an average target of 309.33, with a low estimate of 225 and a high estimate of 375. The average target predicts a decrease of -5.97% from the current stock price of 328.98.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cummins stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 5 | 5 | 6 | 6 | 6 |
| Sell | 3 | 3 | 3 | 3 | 3 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 13 | 13 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Sell Maintains $285 → $340 | Sell | Maintains | $285 → $340 | +3.35% | Oct 11, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $345 → $375 | Strong Buy | Maintains | $345 → $375 | +13.99% | Oct 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $349 → $371 | Hold | Maintains | $349 → $371 | +12.77% | Oct 9, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $290 → $294 | Hold | Maintains | $290 → $294 | -10.63% | Aug 19, 2024 |
| Barclays | Barclays | Hold Maintains $259 → $310 | Hold | Maintains | $259 → $310 | -5.77% | Aug 5, 2024 |
Financial Forecast
Revenue This Year
33.91B
from 34.07B
Decreased by -0.45%
Revenue Next Year
34.97B
from 33.91B
Increased by 3.12%
EPS This Year
19.91
from 5.15
Increased by 286.57%
EPS Next Year
22.28
from 19.91
Increased by 11.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.1B | 38.0B | 42.5B | ||
| Avg | 33.9B | 35.0B | 37.3B | ||
| Low | 32.4B | 31.9B | 33.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.9% | 12.0% | 21.5% | ||
| Avg | -0.4% | 3.1% | 6.7% | ||
| Low | -4.9% | -5.8% | -3.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.77 | 26.26 | 32.83 | ||
| Avg | 19.91 | 22.28 | 25.45 | ||
| Low | 18.40 | 20.50 | 21.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 322.7% | 31.9% | 47.4% | ||
| Avg | 286.6% | 11.9% | 14.2% | ||
| Low | 257.4% | 3.0% | -4.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.