Cummins upgraded by Evercore ISI with a new price target
$CMI
Industrial Machinery/Components
Industrials
Evercore ISI upgraded Cummins from In-line to Outperform and set a new price target of $408.00 from $294.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $294.00 → $408.00 | In-line → Outperform | Evercore ISI |
| 11/6/2024 | $350.00 | Buy → Hold | Vertical Research |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $320.00 | Buy | Citigroup |
| 5/10/2024 | $272.00 → $292.00 | Buy | TD Cowen |
| 3/15/2024 | Neutral → Buy | UBS | |
| 3/14/2024 | $303.00 | Hold | Truist |
| 2/7/2024 | $260.00 → $272.00 | Outperform | TD Cowen |
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Evercore ISI upgraded Cummins from In-line to Outperform and set a new price target of $408.00 from $294.00 previously
Vertical Research downgraded Cummins from Buy to Hold and set a new price target of $350.00
Raymond James initiated coverage of Cummins with a rating of Mkt Perform
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Cummins Inc. (NYSE:CMI) celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Technical Center (CTC) on McKinley Avenue had been under renovation since 2021. After having been mainly untouched, except for minor cosmetic improvements and flood restoration, since its original opening in 1968, the CTC office tower now has a newly renovated interior – allowing for enhanced collaboration and innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106834311/en/Cummins leaders and elected officials celebrate the reopening of the Cummins Technical Cen
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Third quarter revenues of $8.5 billion; GAAP1 Net Income of $809 million, or 9.6% of sales EBITDA in the third quarter was 16.4% of sales; Diluted EPS of $5.86 The company is maintaining its full year 2024 revenue guidance of down 3% to flat. EBITDA is now expected to be approximately 15.5% compared to previous guidance of 15.0% to 15.5%. Cummins Inc. (NYSE:CMI) today reported results for the third quarter of 2024. "We achieved strong sales and profitability in the third quarter, led by improvement in our Power Systems and Distribution businesses, and have adjusted our full year projection for EBITDA percentage to be at the top end of the prior range," said Jennifer Rumsey, Chair
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 1.82 dollars per share. The dividend is payable on December 5, 2024, to shareholders of record on November 22, 2024. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping its customers successfully n
Record second quarter revenues of $8.8 billion; GAAP1 Net Income of $726 million EBITDA in the second quarter was 15.3% of sales; Diluted EPS of $5.26 Full year revenues are expected to range from down 3% to flat; an improvement from prior guidance of down 2% to 5%. EBITDA is now expected to be in the range of 15.0% to 15.5%; an increase from previous guidance of 14.5% to 15.5%. Cummins Inc. (NYSE:CMI) today reported results for the second quarter of 2024. "We achieved record quarterly sales and solid profitability in the second quarter, led by significant improvement in our Power Systems business," said Jennifer Rumsey, Chair and CEO of Cummins. "As we shared during our Anal