Cummins Inc. (CMI)
NYSE: CMI · Real-Time Price · USD
371.03
-6.36 (-1.69%)
Nov 27, 2024, 4:00 PM EST - Market closed
Cummins Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Cummins stock have an average target of 332.25, with a low estimate of 225 and a high estimate of 415. The average target predicts a decrease of -10.45% from the current stock price of 371.03.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Hold | 5 | 5 | 6 | 6 | 6 | 5 |
| Sell | 3 | 3 | 3 | 3 | 3 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 14 | 14 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $375 → $415 | Strong Buy | Maintains | $375 → $415 | +11.85% | Nov 20, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold → Buy Upgrades $294 → $408 | Hold → Buy | Upgrades | $294 → $408 | +9.96% | Nov 13, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $324 → $370 | Hold | Maintains | $324 → $370 | -0.28% | Nov 6, 2024 |
| Baird | Baird | Hold Maintains $330 → $372 | Hold | Maintains | $330 → $372 | +0.26% | Nov 6, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $285 → $340 | Sell | Maintains | $285 → $340 | -8.36% | Oct 11, 2024 |
Financial Forecast
Revenue This Year
34.00B
from 34.07B
Decreased by -0.20%
Revenue Next Year
35.01B
from 34.00B
Increased by 2.99%
EPS This Year
21.14
from 5.15
Increased by 310.43%
EPS Next Year
22.29
from 21.14
Increased by 5.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.0B | 38.8B | 42.5B | ||
| Avg | 34.0B | 35.0B | 37.7B | ||
| Low | 32.4B | 31.9B | 33.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.7% | 14.2% | 21.4% | ||
| Avg | -0.2% | 3.0% | 7.8% | ||
| Low | -4.9% | -6.0% | -3.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.21 | 26.26 | 32.83 | ||
| Avg | 21.14 | 22.29 | 25.81 | ||
| Low | 18.42 | 18.91 | 20.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 525.5% | 24.2% | 47.3% | ||
| Avg | 310.4% | 5.4% | 15.8% | ||
| Low | 257.7% | -10.5% | -9.8% |
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.