Based on Cummins’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.13 billion and quarterly net profit of $545 million. In comparison, last year the company earned revenue of $5.29 billion and had a net profit of $453 million. CMI’s market cap is $24.59B and the company has a P/E ratio of 23.79. Currently, Cummins has an average volume of 1.58M.
Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $159.22, reflecting a 4.4% upside.
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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.