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

Wednesday, May 18, 2022 02:37 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 $251.714, which means analysts expect the stock to add by 22.08% over the next twelve months. That average ranking earns CMI an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.8
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?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Cummins Inc. Stock Today?

Cummins Inc. (CMI) stock is trading at $206.18 as of 2:26 PM on Wednesday, May 18, a drop of -$2.02, or -0.97% from the previous closing price of $208.20. The stock has traded between $205.18 and $209.96 so far today. Volume today is light. So far 754,602 shares have traded compared to average volume of 1,019,096 shares. Click Here to get the full Stock Report for Cummins Inc. stock.

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