Cummins Stock Target Price and Analyst Consensus

CMI Stock  USD 294.69  2.87  0.98%   
The current analyst and expert consensus on Cummins is Buy with 15 hold recommendations. The current projected Cummins target price consensus is 257.88 with 25 analyst opinions. One of the most common ways Cummins analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Cummins vendors, executives, and/or customers. Cummins recommendation module provides expert sentiment on the projected Cummins target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Cummins to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.
Lowest Forecast
234.67
Highest Forecast
286.25
Target Price
257.88
As of now, Cummins' Gross Profit is increasing as compared to previous years. The Cummins' current Net Profit Margin is estimated to increase to 0.03, while Pretax Profit Margin is projected to decrease to 0.05. As of now, Cummins' Total Current Liabilities is increasing as compared to previous years. The Cummins' current Total Stockholder Equity is estimated to increase to about 9.3 B, while Other Stockholder Equity is forecasted to increase to (7 B).
  
It's important to approach Cummins' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Cummins Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cummins target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Cummins' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   25  Buy
Most Cummins analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Cummins stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Cummins, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Cummins Target Price Projection

Cummins' current and average target prices are 294.69 and 257.88, respectively. The current price of Cummins is the price at which Cummins is currently trading. On the other hand, Cummins' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Cummins Market Quote on 28th of March 2024

Low Price292.06Odds
High Price295.23Odds

294.69

Target Price

Analyst Consensus On Cummins Target Price

Low Estimate234.67Odds
High Estimate286.25Odds

257.88

Historical Lowest Forecast  234.67 Target Price  257.88 Highest Forecast  286.25
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Cummins and the information provided on this page.

Cummins Analyst Ratings

Cummins' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Cummins stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Cummins' financials, market performance, and future outlook by experienced professionals. Cummins' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Cummins price targets

Cummins' stock target price is an estimate of its future price, usually made by analysts. Using Cummins' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Cummins' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Cummins' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Cummins Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Cummins is a key component of Cummins valuation and have some predictive power on the future returns of a Cummins.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cummins' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
265.22298.07299.51
Details
Intrinsic
Valuation
LowRealHigh
259.93261.37324.16
Details
Earnings
Estimates (0)
LowProjected EPSHigh
4.285.116.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cummins. Your research has to be compared to or analyzed against Cummins' peers to derive any actionable benefits. When done correctly, Cummins' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cummins.

Trending Themes

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Invested a lot of shares
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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 Macroaxis Advice on Cummins to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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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The data published in Cummins' official financial statements usually reflect Cummins' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Cummins. For example, before you start analyzing numbers published by Cummins accountants, it's critical to develop an understanding of what Cummins' liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of Cummins' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cummins' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Cummins' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cummins. Please utilize our Beneish M Score to check the likelihood of Cummins' management manipulating its earnings.