Media stories about Cummins (NYSE:CMI) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cummins earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6589114593756 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Notable Stock’s Buzzers: Corcept Therapeutics Incorporated, (NASDAQ: CORT), Cummins Inc., (NYSE: CMI); – TNN (tradingnewsnow.com)
- Comprehensive Stock Analysis – Cummins Inc., (NYSE: CMI) – Stock Watch (stocksnewstimes.com)
- Cummins (CMI) Upgraded to Hold by Deutsche Bank (americanbankingnews.com)
- Allison Transmission receives certification from California Air Resources Board for model year 2018 hybrid-electric propulsion system paired with Cummins engines (finance.yahoo.com)
- Cummins: Correction Play – Seeking Alpha (seekingalpha.com)
Shares of Cummins stock traded down $2.96 on Monday, reaching $159.61. 2,374,913 shares of the company’s stock were exchanged, compared to its average volume of 1,688,578. The company has a quick ratio of 1.01, a current ratio of 1.57 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $26,935.13, a PE ratio of 26.83, a P/E/G ratio of 1.14 and a beta of 1.19. Cummins has a twelve month low of $143.83 and a twelve month high of $194.18.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 22nd. This represents a $4.32 dividend on an annualized basis and a yield of 2.71%. Cummins’s dividend payout ratio (DPR) is currently 72.61%.
Several analysts recently weighed in on CMI shares. Bank of America raised shares of Cummins from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, January 19th. ValuEngine raised shares of Cummins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Cummins from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Friday, February 9th. Wells Fargo reissued a “buy” rating and issued a $195.00 price objective (down previously from $210.00) on shares of Cummins in a research note on Thursday, February 22nd. Finally, TheStreet cut shares of Cummins from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. Cummins presently has an average rating of “Hold” and an average price target of $186.39.
Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company’s segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.
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