The price-to-earnings ratio for Cummins Inc (NYSE: CMI) is 25.13x, which is above its average ratio. Moreover, the 36-month beta value for CMI is 1.00. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for CMI is 134.96M and currently, short sellers hold a 1.19% of that float. On December 06, 2024, CMI’s average trading volume was 618.90K shares.
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CMI) stock’s latest price update
The stock price of Cummins Inc (NYSE: CMI) has surged by 0.06 when compared to previous closing price of 378.33, but the company has seen a 2.03% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-05 that Cummins (CMI) reported earnings 30 days ago. What’s next for the stock?
CMI’s Market Performance
Cummins Inc (CMI) has seen a 2.03% rise in stock performance for the week, with a 6.80% gain in the past month and a 29.11% surge in the past quarter. The volatility ratio for the week is 1.56%, and the volatility levels for the past 30 days are at 1.79% for CMI. The simple moving average for the last 20 days is 2.96% for CMI stock, with a simple moving average of 25.18% for the last 200 days.
Analysts’ Opinion of CMI
Many brokerage firms have already submitted their reports for CMI stocks, with Evercore ISI repeating the rating for CMI by listing it as a “Outperform.” The predicted price for CMI in the upcoming period, according to Evercore ISI is $408 based on the research report published on November 13, 2024 of the current year 2024.
Vertical Research, on the other hand, stated in their research note that they expect to see CMI reach a price target of $350. The rating they have provided for CMI stocks is “Hold” according to the report published on November 06th, 2024.
CMI Trading at 9.27% from the 50-Day Moving Average
After a stumble in the market that brought CMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.29% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +6.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.23% upper at present.
During the last 5 trading sessions, CMI rose by +2.03%, which changed the moving average for the period of 200-days by +43.84% in comparison to the 20-day moving average, which settled at $367.68. In addition, Cummins Inc saw 58.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMI starting from Barner Sharon R, who sale 2,163 shares at the price of $369.12 back on Nov 21 ’24. After this action, Barner Sharon R now owns 20,803 shares of Cummins Inc, valued at $798,403 using the latest closing price.
SHARON BARNER, the Officer of Cummins Inc, proposed sale 2,163 shares at $369.12 during a trade that took place back on Nov 21 ’24, which means that SHARON BARNER is holding shares at $798,403 based on the most recent closing price.
Stock Fundamentals for CMI
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.24 for the gross margin
The net margin for Cummins Inc stands at 0.06. The total capital return value is set at 0.08. Equity return is now at value 20.00, with 6.54 for asset returns.
Based on Cummins Inc (CMI), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 4.27.
Currently, EBITDA for the company is 3.02 billion with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 6.35for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To wrap up, the performance of Cummins Inc (CMI) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
