Cummins Inc. (CMI)
NYSE: CMI · IEX Real-Time Price · USD
294.65
-0.04 (-0.01%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Cummins Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Cummins stock have an average target of 265.69, with a low estimate of 225 and a high estimate of 321. The average target predicts a decrease of -9.83% from the current stock price of 294.65.

Analyst Consensus: Hold
Target Low Average Median High
Price $225 $265.69 $270 $321
Change -23.64% -9.83% -8.37% +8.94%

Analyst Ratings

The average analyst rating for Cummins stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 222223
Buy 111221
Hold 556556
Sell 111333
Strong Sell 000000
Total 9910121213

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Sell
Maintains
$245$275
Sell Maintains $245$275 -6.67% Mar 25, 2024
UBS
UBS
Strong Buy
Upgrades
$254$321
Strong Buy Upgrades $254$321 +8.94% Mar 15, 2024
Truist Securities
Truist Securities
Hold
Initiates
$303
Hold Initiates $303 +2.83% Mar 14, 2024
Evercore ISI Group
Evercore ISI Group
Hold
Maintains
$231$244
Hold Maintains $231$244 -17.19% Feb 20, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$265$285
Strong Buy Maintains $265$285 -3.28% Feb 12, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
33.43B
from 34.07B
Decreased by -1.87%
Revenue Next Year
34.90B
from 33.43B
Increased by 4.41%
EPS This Year
18.51
from 5.15
Increased by 259.51%
EPS Next Year
21.12
from 18.51
Increased by 14.08%
Year 201920202021202220232024202520262027
Revenue
23.57B19.81B24.02B28.07B34.07B33.43B34.90B36.71B37.13B
Revenue Growth
-0.84%-15.95%21.25%16.87%21.34%-1.87%4.41%5.18%1.16%
EPS
14.4812.0114.6115.125.1518.5121.1223.3320.15
EPS Growth
10.11%-17.06%21.65%3.49%-65.94%259.51%14.08%10.46%-13.63%
No. Analysts -----2321102
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 35.6B 37.8B 40.2B 39.0B
Avg 33.4B 34.9B 36.7B 37.1B
Low 31.5B 32.7B 34.4B 35.7B

Revenue Growth

Revenue Growth 2024202520262027
High
4.6%
13.0%
15.2%
6.1%
Avg
-1.9%
4.4%
5.2%
1.2%
Low
-7.5%
-2.2%
-1.6%
-2.8%

EPS Forecast

EPS 2024202520262027
High 20.56 23.84 28.85 20.95
Avg 18.51 21.12 23.33 20.15
Low 17.06 19.02 19.48 19.55

EPS Growth

EPS Growth 2024202520262027
High
299.2%
28.7%
36.6%
-10.2%
Avg
259.5%
14.1%
10.5%
-13.6%
Low
231.3%
2.7%
-7.8%
-16.2%
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.