Barclays analyst Adam Seiden maintained a Hold rating on Cummins (CMI) yesterday and set a price target of $159.00. The company’s shares closed last Monday at $166.35.
According to TipRanks.com, Seiden is a 3-star analyst with an average return of 2.0% and a 56.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Welbilt Inc, and Terex Corp.
Currently, the analyst consensus on Cummins is a Moderate Buy with an average price target of $178.75.
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Cummins’ market cap is currently $26.25B and has a P/E ratio of 10.15. The company has a Price to Book ratio of 3.17.
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Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and powertrain-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.
