Cummins Inc (NYSE: CMI) has a higher price-to-earnings ratio of 24.13x compared to its average ratio. CMI has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 0 as “sell.”
The public float for CMI is 134.90M, and currently, short sellers hold a 1.31% ratio of that float. The average trading volume of CMI on February 05, 2025 was 697.41K shares.
CMI) stock’s latest price update
The stock price of Cummins Inc (NYSE: CMI) has jumped by 4.39 compared to previous close of 348.21. Despite this, the company has seen a gain of 3.78% in its stock price over the last five trading days. fool.com reported 2025-02-04 that Shrugging off Monday weakness, Cummins (CMI 4.39%) stock rebounded this morning and was trading 4.7% higher as of noon ET Tuesday.
CMI’s Market Performance
CMI’s stock has risen by 3.78% in the past week, with a monthly rise of 4.56% and a quarterly rise of 10.50%. The volatility ratio for the week is 1.99% while the volatility levels for the last 30 days are 1.91% for Cummins Inc. The simple moving average for the past 20 days is 0.95% for CMI’s stock, with a 14.52% simple moving average for the past 200 days.
Analysts’ Opinion of CMI
Many brokerage firms have already submitted their reports for CMI stocks, with BofA Securities repeating the rating for CMI by listing it as a “Neutral.” The predicted price for CMI in the upcoming period, according to BofA Securities is $358 based on the research report published on January 14, 2025 of the current year 2025.
JP Morgan, on the other hand, stated in their research note that they expect to see CMI reach a price target of $420, previously predicting the price at $355. The rating they have provided for CMI stocks is “Neutral” according to the report published on December 09th, 2024.
Evercore ISI gave a rating of “Outperform” to CMI, setting the target price at $408 in the report published on November 13th of the previous year.
CMI Trading at 0.13% 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 -6.29% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.46% upper at present.
During the last 5 trading sessions, CMI rose by +3.78%, which changed the moving average for the period of 200-days by +24.76% in comparison to the 20-day moving average, which settled at $360.10. In addition, Cummins Inc saw 4.28% 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 RUMSEY JENNIFER, who sale 1 shares at the price of $348.84 back on Jan 27 ’25. After this action, RUMSEY JENNIFER now owns 1,481 shares of Cummins Inc, valued at $188 using the latest closing price.
Barner Sharon R, the VP – Chief Administrative Off. of Cummins Inc, sale 2,163 shares at $369.12 during a trade that took place back on Nov 21 ’24, which means that Barner Sharon R is holding 20,803 shares at $798,403 based on the most recent closing price.
Stock Fundamentals for CMI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.25 for the gross margin
The net margin for Cummins Inc stands at 0.12. The total capital return value is set at 0.17. 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 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 9.56.
Currently, EBITDA for the company is 3.75 billion with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 6.58for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To put it simply, Cummins Inc (CMI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
