In a report released yesterday, Ronnie Moas from Standpoint Research upgraded Cummins (NYSE: CMI) to Buy. The company’s shares closed yesterday at $142.41, close to its 52-week low of $139.68.
According to TipRanks.com, Moas is a 5-star analyst with an average return of 5.9% and a 69.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as LyondellBasell, F5 Networks, and Flex Ltd.
Cummins has an analyst consensus of Hold, with a price target consensus of $164.44.
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The company has a one-year high of $194.18 and a one-year low of $139.68. Currently, Cummins has an average volume of 1.55M.
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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.
