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Where Does Wall Street Think Cummins Inc. (CMI) Stock Will Go?

Monday, October 18, 2021 02:10 PM | InvestorsObserver Analysts
Where Does Wall Street Think Cummins Inc. (CMI) Stock Will Go?

Wall Street is positive on Cummins Inc. (CMI). On average, analysts give CMI a Buy rating. The average price target is $281.777, which means analysts expect the stock to rise by 18.83% over the next twelve months. That average ranking earns CMI an Analyst Rating of 20, which is better than 20% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating CMI a Buy today. Find out what this means to you and get the rest of the rankings on CMI!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Cummins Inc. Stock Today?

Cummins Inc. (CMI) stock has fallen -0.46% while the S&P 500 is higher by 0.19% as of 2:04 PM on Monday, Oct 18. CMI is lower by -$1.09 from the previous closing price of $238.21 on volume of 251,272 shares. Over the past year the S&P 500 has gained 30.72% while CMI is higher by 7.22%. CMI earned $14.88 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.94. Click Here to get the full Stock Report for Cummins Inc. stock.

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