In a report released today, Michael Baudendistel from Stifel Nicolaus reiterated a Buy rating on Cummins (NYSE: CMI), with a price target of $172. The company’s shares opened today at $147.99.
According to TipRanks.com, Baudendistel is a 3-star analyst with an average return of 2.6% and a 57.1% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Freightcar America.
Currently, the analyst consensus on Cummins is a Hold with an average price target of $154.22.
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Cummins’ market cap is currently $23.85B and has a P/E ratio of 23.08. The company has a Price to Book ratio of 3.27.
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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.
