Cummins Inc. (CMI) Given Average Recommendation of "Hold" by Analysts

Saturday, 13 Jan, 2018

Cummins had 91 analyst reports since July 22, 2015 according to SRatingsIntel. Deutsche Bank maintained it with "Sell" rating and $147 target in Wednesday, August 2 report.

Bridgeway Capital Management Inc decreased Lyondellbasell Industries N (NYSE:LYB) stake by 65,100 shares to 804,321 valued at $79.67M in 2017Q3. The company now has a consensus rating of "Hold" and a consensus target price of $178.69. Barrington Research initiated the stock with "Neutral" rating in Friday, May 13 report. Itau Unibanco Holding S.A. purchased a new stake in shares of Cummins during the third quarter valued at approximately $114,000.

TRADEMARK VIOLATION WARNING: "Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cummins (CMI) Share Price" was originally posted by BBNS and is the property of of BBNS. Jefferies has "Hold" rating and $165.0 target. Robert W. Baird downgraded Cummins Inc. (NYSE:CMI) for 2,000 shares. The firm has "Sell" rating given on Wednesday, October 12 by Deutsche Bank. (NYSE:CMI) earned "Hold" rating by Piper Jaffray on Tuesday, October 31.

Analysts await Cummins Inc. (NYSE:CMI) was sold by ChangDiaz Franklin R. The firm has "Neutral" rating by Goldman Sachs given on Friday, December 1. During the same period last year, the business posted $2.02 earnings per share. equities research analysts predict that Cummins Inc. will post 10.2 EPS for the current fiscal year.

Analysts expect Hubbell Incorporated (NYSE:HUBB) to report $1.42 EPS on January, 30.They anticipate $0.07 EPS change or 5.19% from last quarter's $1.35 EPS. They expect $2.60 EPS, up 15.56% or $0.35 from last year's $2.25 per share. HUBB's profit would be $77.68M giving it 23.62 P/E if the $1.42 EPS is correct.

Investors sentiment increased to 1.1 in 2017 Q3. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.57. It increased, as 57 investors sold CMI shares while 253 reduced holdings.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMI. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Bnp Paribas Asset Management Holdg Sa has 0.14% invested in Cummins Inc. Seaport Global initiated Cummins Inc. Macquarie Gp reported 0.02% of its portfolio in Cummins Inc. Contravisory Inv Mgmt holds 0% or 30 shares. Benjamin F Edwards And holds 0.09% or 4,252 shares in its portfolio. (NYSE:CMI). Eaton Vance Management owns 3,658 shares. 5,679 were reported by Qs Invsts Ltd Liability Com. Rfg Advisory Group Inc Ltd stated it has 0.27% in Cummins Inc. (NYSE:CMI). Reilly Financial Limited Liability Com invested in 0% or 80 shares. Northwestern Mutual Wealth Mngmt owns 0.02% invested in Cummins Inc. (NYSE:CMI) for 742,298 shares. Heritage Mngmt invested in 49,709 shares. Richard Bernstein Ltd Llc holds 0.15% or 12,719 shares. Nomura Asset Mngmt Company Limited holds 0.16% or 72,124 shares. Inc. had 71 analyst reports since August 13, 2015 according to SRatingsIntel. (NASDAQ:OSBC) to report earnings on March, 12. Cummins's quarterly revenue was up 26.2% on a year-over-year basis. PRK's profit will be $23.09M for 17.56 P/E if the $1.51 EPS becomes a reality. After $0.63 actual EPS reported by T-Mobile US, Inc. for the previous quarter, Wall Street now forecasts -47.62% negative EPS growth. Acrospire Investment Management LLC acquired a new position in Cummins in the 2nd quarter valued at about $146,000. It also increased its holding in Vanguard Index Fds (VNQ) by 7,326 shares in the quarter, for a total of 307,535 shares, and has risen its stake in Ishares Tr (IJH).

Investors sentiment decreased to 1.06 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It dived, as 46 investors sold MRK shares while 619 reduced holdings. 25 funds opened positions while 63 raised stakes. 279.18 million shares or 0.29% more from 278.36 million shares in 2017Q2 were reported.

Park National Corp, which manages about $1.74 billion US Long portfolio, upped its stake in Merck & Company Inc (New) (NYSE:MRK) by 15,898 shares to 422,012 shares, valued at $27.02 million in 2017Q3, according to the filing. Weiss Multi has invested 0.34% in Opko Health, Inc. Nationwide Fund Advisors, a Pennsylvania-based fund reported 148,974 shares. Virtus Investment Advisers invested in 6,750 shares or 0.12% of the stock. State Street Corp, a Massachusetts-based fund reported 11.74 million shares. State Of Wisconsin Investment Board has 362,143 shares. Tokio Marine Asset Mgmt Co Limited stated it has 0.04% in Cummins Inc. (NASDAQ:TMUS). 198,719 are held by Great West Life Assurance Communication Can. The Gross Margin Score of Cummins Inc. Jacobs Levy Equity Mgmt Incorporated invested in 0.11% or 93,301 shares. Royal Comml Bank Of Canada has 652,507 shares for 0.05% of their portfolio. Following the sale, the chief accounting officer now directly owns 20,193 shares of the company's stock, valued at approximately $2,754,325.20. Vnbtrust Association reported 10,602 shares. Piper Jaffray Companies set a $170.00 price objective on Cummins and gave the stock a "hold" rating in a research note on Tuesday, October 31st. Therefore 36% are positive. Evercore upgraded the stock to "Buy" rating in Monday, November 7 report. Longbow upgraded the stock to "Buy" rating in Thursday, January 19 report.