For its third fiscal quarter (ending September 30), Cummins Inc. (NYSE: CMI) has reported a 27% increase in E.P.S. from $4.63 a year ago to $5.90 in the current quarter. For the latest four quarters through September 30, E.P.S. were $15.39 compared to $19.76 a year ago — a decline of -22%.
Recent Price Action
Cummins Inc. (NYSE: CMI) stock closed at $354.46 on 11/5/24 after a very large increase of 8.9%. Moreover, exceptionally high trading volume at 210% of normal accompanied the advance. The stock has risen 5.9% during the last week and has been strong relative to the market over the last nine months.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cummins has a slightly negative Appreciation Score of 35 but a very high Power Rating of 86, triggering 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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