Cummins Inc. (NYSE: CMI) has reported E.P.S. of $4.63 for its third fiscal quarter (ending September 30) versus $2.83 for the same period a year ago — an increase of 64%. Relative to the consensus estimate of $4.69, this was a shortfall of $-0.06. E.P.S. were $19.76 for the latest four quarters through September 30 versus $13.50 for the same period a year ago — an increase of 46%.
Recent Price Action
On 11/2/23, Cummins Inc. (NYSE: CMI) stock declined slightly by -0.05%, closing at $217.94. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CMI is expected to continue to be a major Value Builder.
Cummins has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cummins has a neutral Appreciation Score of 46 and a neutral Power Rating of 54, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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