Jefferies Remains a Hold on Cummins


Jefferies analyst Stephen Volkmann reiterated a Hold rating on Cummins (NYSE: CMI) yesterday and set a price target of $155. The company’s shares closed yesterday at $135.88, close to its 52-week low of $129.90.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Paccar Inc, and Terex Corp.

Cummins has an analyst consensus of Hold, with a price target consensus of $162.82.

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Cummins’ market cap is currently $22.39B and has a P/E ratio of 24.53. The company has a Price to Book ratio of 3.03.

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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.

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