# Cummins Inc.  Share Price Target ‘$318.59’, now 9.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/cummins-inc.share-price-target-318.59-now-9.0-upside-potential/4121167860
- Published: 2024-08-08T14:36:02+01:00
- Author: Charlotte Edwards

**Cummins Inc.** with ticker code (CMI) now have 15 market analysts covering the
stock. The analyst consensus now points to a rating of ‘hold’. The target price 
High/Low ranges between $365.00 and $281.98 calculating the mean target share price
we have $318.59. (at the time of writing). Given that the stocks previous close 
was at $292.31 this would indicate that there is a potential upside of 9.0%. There
is a 50 day moving average of $280.82 and the 200 moving average now moves to $262.83.
The company has a market capitalization of 40.02B. The price for the stock stands
currently at: $291.99 USD

 The potential market cap would be $43,614,324,844 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 20.92, revenue per share of $243.22
and a 6.76% 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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