Stock To Watch: Cummins Inc. (NYSE:CMI)


The leading market experts have placed a mean price target of $116.22 on Cummins Inc. (NYSE:CMI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.96 a share for the upcoming quarter and $8.14 for the current fiscal.

Technical View

The technical analysis of Cummins Inc. Common Stock plainly substantiates that the 50-day moving average of Cummins Inc. Common Stock is $118.28, and stock is trading $8.45 points away or +7.14% from its 50-day moving average of $118.28. Further it is trading $16.38 or +14.85% away its 200-day moving average of $110.35. Cummins Inc. (NYSE:CMI) 52-week high is $129.17 and the 52-week low is $79.88.

This explains if the stock moves $-2.44, it will post a 52-week high. In event of +58.65% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Cummins Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cummins Inc. (NYSE:CMI) ratio came in at 17.36.

The stock last ended the trading session at $126.73 and registered a market cap of $21.29B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cummins Inc. (NYSE:CMI) PEG ratio is at 25.19.

1 Chart Pattern Every Investor Should Know

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