Cummins Inc. (NYSE: CMI) has reported earnings for its second fiscal quarter (ending June 30) of $5.30 versus $5.08 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $14.08 versus $17.96 for the same period a year ago.
Recent Price Action
Cummins Inc. (NYSE: CMI) stock enjoyed a large increase of 4.9% on 8/1/24. The stock closed at $306.09. Moreover, trading volume in this advance was exceptionally high at 201% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.7% during the last week.
Current PriceTarget Research Rating
CMI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Cummins has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Cummins has a slightly negative Appreciation Score of 36 but a good Power Rating of 82, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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