Goldman Sachs analyst Jerry Revich maintains $Cummins (CMI.US)$ with a hold rating, and sets the target price at $370.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cummins (CMI.US)$'s main analysts recently are as follows:
Cummins' robust third-quarter performance stands out as one of the rare instances of surpassing expectations and enhancing forecasts within the Machinery sector. Following these results, estimates were increased, and the company's Power Systems' vigor justifies a higher valuation multiple. Nevertheless, apprehensions remain regarding the potential for further valuation growth beyond mid-cycle levels, coupled with the anticipation that the market has already factored in a considerable earnings recovery by 2025.
The company's 3Q24 results exceeded expectations alongside an increase in full-year EBITDA guidance. The company is well-positioned to navigate potential near-term heavy-duty truck market softness, although the current valuation is approaching the upper end of its historical range.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
高盛集團分析師Jerry Revich維持$康明斯 (CMI.US)$持有評級，目標價370美元。
根據TipRanks數據顯示，該分析師近一年總勝率為63.5%，總平均回報率為10.6%。
此外，綜合報道，$康明斯 (CMI.US)$近期主要分析師觀點如下：
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
