In a report released today, Noah Kaye from Oppenheimer maintained a Hold rating on Cummins (CMI – Research Report). The company’s shares closed yesterday at $280.29.
According to TipRanks, Kaye is a 5-star analyst with an average return of 13.0% and a 61.57% success rate. Kaye covers the Industrials sector, focusing on stocks such as Waste Connections, EnerSys, and Republic Services.
In addition to Oppenheimer, Cummins also received a Hold from Truist Financial’s Jamie Cook in a report issued today. However, on the same day, Bank of America Securities reiterated a Sell rating on Cummins (NYSE: CMI).
CMI market cap is currently $40.27B and has a P/E ratio of 55.11.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMI in relation to earlier this year. Most recently, in February 2024, Sharon Barner, the VP – Chief Administrative Off of CMI sold 2,100.00 shares for a total of $569,706.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cummins (CMI) Company Description:
Founded in 1919 and based in Indiana, Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through five segments: Engine, Distribution, Components, Power Systems and New Power.
