Cummins Stock Today
| CMI Stock | USD 290.40 2.84 0.99% |
Performance18 of 100
| Odds Of DistressLess than 1
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Cummins is trading at 290.40 as of the 23rd of April 2024. This is a 0.99% increase since the beginning of the trading day. The stock's open price was 287.56. Cummins has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Cummins are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of November 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 18th of December 1984 | Category Industrials |
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana. Cummins operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. The company has 136.76 M outstanding shares of which 2.75 M shares are currently shorted by investors with about 0.41 days to cover. More on Cummins
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Follow Valuation Options Odds of Bankruptcy
Financial Report 7th of May 2024
Cummins Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cummins' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cummins or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Cummins' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cummins' managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Mary Chandler | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Machinery (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Excelsior Capital Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction Machinery & Heavy Transportation Equipment, Specialty Industrial Machinery, Industrials, NYSE Composite, SP 500 Index, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Machinery, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Excise Tax Activities | Military Contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cummins report their recommendations after researching Cummins' financial statements, talking to executives and customers, or listening in on Cummins' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cummins. The Cummins consensus assessment is calculated by taking the average forecast from all of the analysts covering Cummins. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Cummins' liquidity, profitability, solvency, and operating efficiency, Cummins is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Cummins is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Cummins' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cummins' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Cummins' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Cummins' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cummins' financial leverage. It provides some insight into what part of Cummins' total assets is financed by creditors.
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Cummins (CMI) is traded on New York Stock Exchange in USA. It is located in 500 Jackson Street, Columbus, IN, United States, 47202-3005 and employs 75,500 people. Cummins is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 39.33 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cummins's market, we take the total number of its shares issued and multiply it by Cummins's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cummins runs under Machinery sector within Industrials industry. The entity has 136.76 M outstanding shares of which 2.75 M shares are currently shorted by investors with about 0.41 days to cover.
Cummins has about 2.1 B in cash with 3.97 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 21.02.
Check Cummins Probability Of Bankruptcy
Ownership AllocationCummins retains a total of 136.76 Million outstanding shares. The majority of Cummins outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cummins to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cummins. Please pay attention to any change in the institutional holdings of Cummins as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cummins Ownership Details
Cummins Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Cummins jumping above the current price in 90 days from now is about 17.84%. The Cummins probability density function shows the probability of Cummins stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Cummins has a beta of -0.2107 suggesting as returns on the benchmark increase, returns on holding Cummins are expected to decrease at a much lower rate. During a bear market, however, Cummins is likely to outperform the market. Additionally, cummins has an alpha of 0.3433, implying that it can generate a 0.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Cummins to move above the current price in 90 days from now is about 17.84 (This Cummins probability density function shows the probability of Cummins Stock to fall within a particular range of prices over 90 days) .
Cummins Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cummins that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cummins' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cummins' value.| Instituion | Recorded On | Shares | |
| Ameriprise Financial Inc | 2023-12-31 | 1.7 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.7 M | |
| Legal & General Group Plc | 2023-12-31 | 1.6 M | |
| Stifel Financial Corp | 2023-12-31 | 1.6 M | |
| Ontario Teachers Pension Plan Board | 2023-12-31 | 1.4 M | |
| Lsv Asset Management | 2023-12-31 | 1.4 M | |
| Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 1.4 M | |
| Ubs Asset Mgmt Americas Inc | 2023-12-31 | 1.3 M | |
| Norges Bank | 2023-12-31 | 1.2 M | |
| Vanguard Group Inc | 2023-12-31 | 17.8 M | |
| Blackrock Inc | 2023-12-31 | 11.5 M |
Cummins Historical Income Statement
Cummins Income Statement is one of the three primary financial statements used for reporting Cummins's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cummins revenue and expense. Cummins Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Cummins' Total Revenue is increasing as compared to previous years. The Cummins' current Gross Profit is estimated to increase to about 8.7 B, while Operating Income is projected to decrease to under 1.1 B. View More FundamentalsCummins Stock Against Markets
Picking the right benchmark for Cummins stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cummins stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cummins is critical whether you are bullish or bearish towards Cummins at a given time. Please also check how Cummins' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cummins without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cummins Corporate Directors
Cummins corporate directors refer to members of a Cummins board of directors. The board of directors generally takes responsibility for the Cummins' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cummins' board members must vote for the resolution. The Cummins board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Bernhard | Independent Director | Profile | |
| Alexis Herman | Lead Independent Director | Profile | |
| Mark Smith | Executive Director - Investor Relations | Profile | |
| William Miller | Independent Director | Profile |
How to buy Cummins Stock?
Before investing in Cummins, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cummins. To buy Cummins stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cummins. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cummins stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cummins stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cummins stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cummins, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cummins Stock please use our How to Invest in Cummins guide.
Already Invested in Cummins?
The danger of trading Cummins is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cummins is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cummins. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cummins is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Cummins Stock analysis
When running Cummins' price analysis, check to measure Cummins' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.
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Is Cummins' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cummins. If investors know Cummins will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cummins listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.628 | Dividend Share 6.5 | Earnings Share 5.15 | Revenue Per Share 240.402 | Quarterly Revenue Growth 0.099 |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cummins' market value can be influenced by many factors that don't directly affect Cummins' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.