# Cummins Inc. – Consensus ‘hold’ rating and -3.0% Downside Potential

- Link: https://www.directorstalkinterviews.com/cummins-inc.consensus-hold-rating-and-3.0-downside-potential/4121151800
- Published: 2024-04-16T12:22:13+01:00
- Author: Charlotte Edwards

**Cummins Inc.** with ticker code (CMI) now have 16 analysts in total covering the
stock. The consensus rating is pointing to ‘hold’. The range between the high target
price and low target price is between $360.00 and $243.00 calculating the average
target price we see $289.56. Given that the stocks previous close was at $298.63
this now indicates there is a potential downside of -3.0%. It’s also worth noting
that there is a 50 day moving average of $275.48 while the 200 day moving average
is $245.12. The market cap for the company is 40.45B. The stock price is currently
at: $295.78 USD

 The potential market cap would be $39,222,014,144 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 57.43, revenue per share of $240.40
and a 6.92% return on assets.

Cummins Inc. offers complementary business segments that design, manufacture, distribute
and service a portfolio of power solutions. The Company’s segments include Components,
Engine, Distribution, Power Systems, and Accelera. The Components segment sells 
filtration products, aftertreatment systems, turbochargers, electronics, fuel systems,
automated transmissions, axles, and suspension systems. The Engine segment produces
engines and associated parts for sale to customers in on-highway and various off-
highway markets. The Distribution segment includes distributorships engaged in wholesaling
engines, generator sets and service parts. The Power Systems segment is an integrated
power provider, which designs, manufactures, and sells engines for industrial applications,
standby and prime power generator sets, alternators, and other power components.
The Accelera segment designs, manufactures, sells and supports hydrogen production
solutions as well as electrified power systems.

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