Cummins (CMI) Earns Daily Coverage Optimism Rating of 0.11

Headlines about Cummins (NYSE:CMI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cummins earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0620548891532 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Cummins (CMI) traded up $2.75 during midday trading on Thursday, reaching $163.39. The company had a trading volume of 1,803,100 shares, compared to its average volume of 1,307,839. The firm has a market capitalization of $26,661.02, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16. Cummins has a 1-year low of $134.06 and a 1-year high of $181.79. The company has a quick ratio of 1.03, a current ratio of 1.57 and a debt-to-equity ratio of 0.19.

Cummins (NYSE:CMI) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $2.71 earnings per share for the quarter, beating the Zacks’ 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 quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.02 earnings per share. sell-side analysts anticipate that Cummins will post 10.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.64%. Cummins’s payout ratio is 43.86%.

Several equities research analysts have weighed in on CMI shares. ValuEngine cut Cummins from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus upped their target price on Cummins from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG cut their target price on Cummins from $155.00 to $147.00 and set a “sell” rating for the company in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $165.00 target price (up from $160.00) on shares of Cummins in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $159.00 target price on shares of Cummins in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $173.96.

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Cummins Company Profile

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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