Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
The company issued revenue guidance of $32.28 billion-$33.69 billion, compared to the consensus revenue estimate of $32.88 billion. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
Cummins MarketRank™ Forecast
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business. CMI’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
One share of CMI stock can currently be purchased for approximately $237.04. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
The consensus among Wall Street analysts is that investors should « hold » CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy https://1investing.in/ additional shares or sell existing shares. According to 8 analysts, the average rating for CMI stock is « Buy. » The 12-month stock price forecast is $260.25, which is an increase of 9.79% from the latest price.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Customers also value Cummins’ ability to enhance the value of their trucks, leading to product differentiation. Shareholders of record on Friday, August 25th will be paid a dividend of $1.68 per share on Thursday, September 7th. This represents a $6.72 dividend on an annualized basis and a yield of 2.83%.
Cummins Company Info
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Cummins’ focus on future technologies like hydrogen and fuel cells has caught investor attention. The pandemic disrupted the truck engine maker’s voidable vs void manufacturing processes and its supply chain. The technique has proven to be very useful for finding positive surprises. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
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Accelera, a zero-emissions business unit of Cummins , and Daimler Trucks & Buses US Holding said on Wednesday they formed a joint venture to advance battery cell production in the United States. Three companies are creating a joint venture to produce battery cells for commercial electric vehicles in the United States. Cummins (CMI), Paccar (PCAR), Daimler (MBG.DE) have created a joint venture…
- The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
- The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
- Sign-up to receive the latest news and ratings for Cummins and its competitors with MarketBeat’s FREE daily newsletter.
- Tom Linebarger has an approval rating of 86% among the company’s employees.
- There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Jennifer Rumsey, who became CEO of engine maker and technology provider Cummins Inc. a year ago, also will chair the company following the retirement of her mentor and vocal fan, Tom Linebarger. The biggest diesel engine maker, Daimler and Paccar plan to open the biggest venture in North America making battery cells tailored to commercial vehicles.
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This is an increase from the stock’s previous quarterly dividend of $1.57. During the first five months of 2023, there were investors who had difficulty believing in a sustained stock-market rally because the action was dominated by the largest technology companies. This buyback authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases.
1,549 employees have rated Cummins Chief Executive Officer Tom Linebarger on Glassdoor.com. Tom Linebarger has an approval rating of 86% among the company’s employees. Sign-up to receive the latest news and ratings for Cummins and its competitors with MarketBeat’s FREE daily newsletter. Compare
CMI’s historical performance
against its industry peers and the overall market.
Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
As of August 31st, there was short interest totaling 1,820,000 shares, a drop of 6.7% from the August 15th total of 1,950,000 shares. Based on an average trading volume of 891,900 shares, the short-interest ratio is currently 2.0 days. We believe Cummins will continue to be the top supplier of truck engines and components, despite increasing emissions regulation from government authorities. For over a century, the company has been the pre-eminent manufacturer of diesel engines, which has led to its place as one of the best heavy- and medium-duty engine brands. Cummins’ strong brand is underpinned by its high-performing and extremely durable engines.
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of CMI’s
competitive advantage. These three stocks have all lost 25% or so of their value over the past year, but the long-term future isn’t nearly that dark. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Data may be intentionally delayed pursuant to supplier requirements. CNBC’s Jim Cramer on Thursday he listed five stocks he thinks investors could buy into during any bout of weakness. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.