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


The leading market experts have placed a mean price target of $110.58 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 $1.97 a share for the upcoming quarter and $7.93 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 $113.22, and stock is hovering -0.73 or -0.65% distant from $113.22. It is noted that the 200-day MA is $103.54, and Cummins Inc. Common Stock stock is $8.95 or +8.65% off from this point. Cummins Inc. (NYSE:CMI) 52-week high is $131.65 and the 52-week low is $79.88. This explains if the stock moves $-19.16, it will post a 52-week high. In event of $+40.82% points 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 14.87. The stock last ended the trading session at $112.49 and registered a market cap of $19.08B. 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 -32.23.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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