Cummins Inc. (NYSE:CMI) went up by 1.31% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $171.35 to trade ended Tuesday trading at $169.14. This is up from the $169.14 price recorded on Monday’s trading session. Thanks to this latest performance, CMI is closer to the higher price 52-week target of $201.00 and further from the lowest price target of $130.00. Its performance from the start of the year has also been negative, with CMI down by -4.25% year-to-date.
Cummins Inc. (CMI) started the day trading at $175.75 and recorded an intraday high of $176.33. It also recorded an intraday low of $168.81 during Tuesday’s trading session. Cummins Inc. is a very active stock that recorded a trading volume that is less than -27.38% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1146153, which is less than -27.38 of the total average daily trading volume of 1.46 million.
Cummins Inc. (NYSE:CMI) 2020 Performance Impressive
The increase in CMI’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CMI currently stands at $186.73, which is higher than the current trading price of the stock by 8.24%. However, CMI’s current trading price is -69.6% lower than the 52-week low price of $101.03. In terms of trading volume, Cummins Inc. currently experienced healthy participation during the last trading session. 1146153 shares of Cummins Inc. were traded on the stock exchange on Tuesday, which is less than -27.38% of the 1.46 million average trading volume of the stock.
The performance of the stock has been positive over the past year. CMI’s performance over the past one year has seen it surge by 5.59%, while the stock has gone down by -6.10% in the last six months. The quarterly performance of CMI currently stands at 25.26%, and it is up by 10.09% in the last month. The only negative figure was from the weekly performance, which currently reads -5.72%. At the time of writing CMI’s report, the company has a total market cap of $25.17B, making it one of the largest publicly-traded companies in the world.Cummins Inc. also has over 61615 employees all over the world.
CMI Insider Activities
For Cummins Inc., insiders hold 85.00% of all company shares. The insider transactions over the past six months are up by 43.20%. During that period, insiders bought 145,280 shares in 33 transactions. In that same period, insiders sold 57,133 of their shares in 23 transactions. After these transactions, insiders at Cummins Inc. now hold 492.4k shares, which is over 85.49% of the total company stocks. Institutional investors currently hold a large chunk of the CMI shares, as they control 0.33% of the company’s total stock.
CMI Fundamental Analysis
For Cummins Inc., the stock’s diluted earnings per share (EPS) stands at 13.63. In the coming year, analysts expect the EPS to be 10.48. The EPS growth will slow down over the next five years to -7.37% after surging by 9.90% in the previous five years. In terms of revenue, Cummins Inc.’s quarterly sales (YOY) is growing at 0.87, which is lower than the average annual revenue of 9.90% over the past half a decade.
The Return on Investment (ROI) on Cummins Inc.’s stock currently stands at 21.60%, and it has a net profit margin of 9.30%. The operating margin of the company is 11.20%, and its gross margin is 25.40%.
CMI Analysts Prediction
In May 12, 2020, several analysts reiterated their positions on the Cummins Inc. stock and predicted its performance to their investors. The analysts at Piper Sandler believe CMI is still a Neutral and set the price target between $195 and $162. The Goldman has a Buy rating for Cummins Inc., predicting the stock price to stay between $192 and $200. Another analyst that has a Neutral rating for CMI is UBS, which set a price target of between $162 and $167. Wells Fargo reiterate their Overweight position on the stock ($180 and $205)
At the moment, Cummins Inc.’s Total Debt to Equity ratio stands at 0.47, and they have a long-term Debt to Equity ratio of 0.22.
CMI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CMI currently stands at 1.15%, while the SMA50 is 8.17%. The biggest one is the SMA200, which is currently reading 5.06% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 54.67, while its price to earnings ratio (P/E) is 12.57.