Media coverage about Cummins (NYSE:CMI) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cummins earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the company an impact score of 48.0893738708927 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Cummins Inc. (CMI) Expected to Announce Quarterly Sales of $5.17 Billion (americanbankingnews.com)
- Basic Trading Data for Cummins Inc. (CMI) – Market Movers (financialqz.com)
- Cummins Stock Is Positioned For Outperformance – Seeking Alpha (seekingalpha.com)
- Cummins Inc. (CMI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Cummins (NYSE CMI) traded up $1.14 during trading on Wednesday, hitting $183.69. The company had a trading volume of 1,049,285 shares, compared to its average volume of 1,200,000. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.03. The company has a market cap of $30,490.00, a P/E ratio of 18.67, a PEG ratio of 1.27 and a beta of 1.14. Cummins has a 1-year low of $138.16 and a 1-year high of $185.10.
A number of analysts have commented on CMI shares. Zacks Investment Research upgraded Cummins from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research report on Thursday, September 21st. Wells Fargo & Co raised their price objective on Cummins from $184.50 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. Deutsche Bank reiterated a “sell” rating and issued a $159.00 price objective (up previously from $147.00) on shares of Cummins in a research report on Monday, October 9th. Longbow Research downgraded Cummins from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “sell” rating and issued a $153.00 price objective on shares of Cummins in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $178.69.
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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