Cummins Inc. (CMI)
NYSE: CMI · IEX Real-Time Price · USD
276.94
-1.37 (-0.49%)
At close: Jun 21, 2024, 4:00 PM
276.95
+0.01 (0.00%)
After-hours: Jun 21, 2024, 7:06 PM EDT

Cummins Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Cummins stock have an average target of 281.36, with a low estimate of 225 and a high estimate of 321. The average target predicts an increase of 1.60% from the current stock price of 276.94.

Analyst Consensus: Hold
Target Low Average Median High
Price $225 $281.36 $285 $321
Change -18.75% +1.60% +2.91% +15.91%
* Price targets were last updated on May 15, 2024.

Analyst Ratings

The average analyst rating for Cummins stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 223333
Buy 221111
Hold 556554
Sell 333333
Strong Sell 000000
Total 121213121211

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Truist Securities
Truist Securities
Hold
Maintains
$319
Hold Maintains $319 +15.19% May 15, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$272$292
Strong Buy Maintains $272$292 +5.44% May 10, 2024
Truist Securities
Truist Securities
Hold
Maintains
$303$319
Hold Maintains $303$319 +15.19% May 3, 2024
Baird
Baird
Hold
Maintains
$298$295
Hold Maintains $298$295 +6.52% May 3, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$270$306
Hold Maintains $270$306 +10.49% Apr 16, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
23.57B19.81B24.02B28.07B34.07B33.19B34.72B37.22B36.79B37.98B
Revenue Growth
-0.84%-15.95%21.25%16.87%21.34%-2.58%4.61%7.22%-1.17%3.25%
EPS
14.4812.0114.6115.125.1518.9221.9025.3121.3521.56
EPS Growth
10.11%-17.06%21.65%3.49%-65.94%267.47%15.74%15.53%-15.63%0.99%
Forward PE
-----14.6312.6410.9412.9712.84
No. Analysts -----23231322
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.