Cummins Inc. (CMI)
NYSE: CMI · IEX Real-Time Price · USD
267.55
-4.74 (-1.74%)
At close: Jul 2, 2024, 4:00 PM
266.73
-0.82 (-0.31%)
After-hours: Jul 2, 2024, 7:55 PM EDT
Cummins Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Cummins stock have an average target of 284.25, with a low estimate of 225 and a high estimate of 321. The average target predicts an increase of 6.24% from the current stock price of 267.55.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 4 | 4 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 6 | 5 | 5 | 5 | 5 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 13 | 12 | 12 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $319 → $315 | Hold | Maintains | $319 → $315 | +17.74% | Jul 2, 2024 |
| Raymond James | Raymond James | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jun 28, 2024 |
| Citigroup | Citigroup | Strong Buy Initiates $320 | Strong Buy | Initiates | $320 | +19.60% | Jun 26, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $319 | Hold | Maintains | $319 | +19.23% | May 15, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $272 → $292 | Strong Buy | Maintains | $272 → $292 | +9.14% | May 10, 2024 |
Financial Forecast
Revenue This Year
33.19B
from 34.07B
Decreased by -2.58%
Revenue Next Year
34.72B
from 33.19B
Increased by 4.61%
EPS This Year
18.92
from 5.15
Increased by 267.47%
EPS Next Year
21.90
from 18.92
Increased by 15.74%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 34.9B | 37.8B | 41.1B | 38.2B | 39.5B |
| Avg | 33.2B | 34.7B | 37.2B | 36.8B | 38.0B |
| Low | 31.8B | 32.0B | 34.4B | 35.7B | 36.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.4% | 13.9% | 18.3% | 2.7% | 7.3% |
| Avg | -2.6% | 4.6% | 7.2% | -1.2% | 3.3% |
| Low | -6.8% | -3.6% | -0.8% | -4.1% | 0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.42 | 25.78 | 31.84 | 22.20 | 22.42 |
| Avg | 18.92 | 21.90 | 25.31 | 21.35 | 21.56 |
| Low | 17.84 | 20.24 | 20.90 | 20.72 | 20.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 296.6% | 36.2% | 45.4% | -12.3% | 5.0% |
| Avg | 267.5% | 15.7% | 15.5% | -15.6% | 1.0% |
| Low | 246.3% | 6.9% | -4.6% | -18.1% | -2.0% |
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.