In a report released yesterday, Jamie Cook from Credit Suisse maintained a Buy rating on Cummins (CMI), with a price target of $168. The company’s shares closed yesterday at $146.18.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 6.1% and a 54.9% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Aecom Technology Corp, and Jacobs Engineering.
Cummins has an analyst consensus of Moderate Buy, with a price target consensus of $151.36.
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The company has a one-year high of $194.18 and a one-year low of $124.40. Currently, Cummins has an average volume of 1.56M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Tony Satterthwaite, the President – Distribution of CMI sold 830 shares for a total of $117,528.
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Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and related technologies, including fuel systems, controls, air handing, filtration, emission, solutions and electrical power generation systems. It operates through the following segments: Engine, Distribution, Components and Power Generation.
