Cummins (NYSE:CMI) Getting Somewhat Favorable Press Coverage, Report Finds

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 (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.

Cummins (NYSE:CMI) last posted its earnings results on Tuesday, October 31st. The company reported $2.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.47 by $0.24. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $4.79 billion. Cummins had a return on equity of 21.28% and a net margin of 8.49%. Cummins’s revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the company earned $2.02 EPS. sell-side analysts anticipate that Cummins will post 10.2 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: “Cummins (NYSE:CMI) Getting Somewhat Favorable Press Coverage, Report Finds” was first published by BBNS and is owned by of BBNS. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://baseballnewssource.com/markets/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-cummins-cmi-share-price/1823778.html.

About Cummins

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.

Insider Buying and Selling by Quarter for Cummins (NYSE:CMI)

Receive News & Ratings for Cummins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cummins and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.