Analysts at Robert W. Baird Reconfirmed their Past ‘”Sell”’ rating on Shares Cummins (NYSE:CMI), Set a $155.0 TP

January 23, 2018 - By Marguerite Chambers

 Analysts at Robert W. Baird Reconfirmed their Past ‘

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold Cummins Inc. shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported.

Oakbrook Investments Lc owns 12,045 shares. Peregrine Asset Advisers holds 0.11% or 809 shares. Fairfield Bush & holds 5,000 shares. Glenview Financial Bank Dept holds 5,435 shares. Salem Inv Counselors Inc has 400 shares for 0.01% of their portfolio. Riverpoint Capital Management Limited Liability holds 0.03% in Cummins Inc. (NYSE:CMI) or 2,429 shares. Boys Arnold & Commerce reported 2,305 shares. Ahl Prtnrs Ltd Liability Partnership, United Kingdom-based fund reported 86,796 shares. Wellington Mngmt Gru Llp holds 0.03% or 731,915 shares in its portfolio. First Midwest Retail Bank Division holds 16,457 shares or 0.34% of its portfolio. Wendell David Associate accumulated 0.05% or 1,700 shares. Cetera Advisor Ltd Liability Corporation accumulated 5,390 shares. Koch Indus invested in 0.07% or 1,646 shares. Tower Rech Cap Ltd Liability Com (Trc) has 224 shares for 0% of their portfolio. 4,942 are held by Security Comml Bank Of So Dak.

Since August 9, 2017, it had 0 buys, and 1 insider sale for $260,085 activity.

Cummins (NYSE:CMI) Rating Reaffirmed

The firm has just set a target price per share of $155.0 on Cummins (NYSE:CMI) shares. This is -17.94 % from the last stock close price. In analysts report sent to clients and investors on Wednesday morning, Robert W. Baird reiterated their “Sell” rating on shares of CMI.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold Cummins Inc. shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported.

Oakbrook Investments Lc owns 12,045 shares. Peregrine Asset Advisers holds 0.11% or 809 shares. Fairfield Bush & holds 5,000 shares. Glenview Financial Bank Dept holds 5,435 shares. Salem Inv Counselors Inc has 400 shares for 0.01% of their portfolio. Riverpoint Capital Management Limited Liability holds 0.03% in Cummins Inc. (NYSE:CMI) or 2,429 shares. Boys Arnold & Commerce reported 2,305 shares. Ahl Prtnrs Ltd Liability Partnership, United Kingdom-based fund reported 86,796 shares. Wellington Mngmt Gru Llp holds 0.03% or 731,915 shares in its portfolio. First Midwest Retail Bank Division holds 16,457 shares or 0.34% of its portfolio. Wendell David Associate accumulated 0.05% or 1,700 shares. Cetera Advisor Ltd Liability Corporation accumulated 5,390 shares. Koch Indus invested in 0.07% or 1,646 shares. Tower Rech Cap Ltd Liability Com (Trc) has 224 shares for 0% of their portfolio. 4,942 are held by Security Comml Bank Of So Dak.

Since August 9, 2017, it had 0 buys, and 1 insider sale for $260,085 activity.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 28 analysts covering Cummins (NYSE:CMI), 8 have Buy rating, 3 Sell and 17 Hold. Therefore 29% are positive. Cummins has $215.0 highest and $79 lowest target. $157.96’s average target is -16.37% below currents $188.88 stock price. Cummins had 93 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Friday, September 25 by William Blair. The stock of Cummins Inc. (NYSE:CMI) earned “Sell” rating by Deutsche Bank on Wednesday, October 12. The company was maintained on Monday, November 6 by Argus Research. On Thursday, June 15 the stock rating was maintained by Stifel Nicolaus with “Hold”. Argus Research maintained the shares of CMI in report on Wednesday, October 28 with “Buy” rating. The stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by BMO Capital Markets on Thursday, July 6. The firm has “Overweight” rating given on Thursday, April 21 by Piper Jaffray. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, March 23. Evercore upgraded the shares of CMI in report on Monday, November 7 to “Buy” rating. The company was downgraded on Thursday, December 1 by CLSA.

The stock decreased 0.37% or $0.7 during the last trading session, reaching $188.88. About 291,787 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 23, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 earnings per share, up 15.56 % or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52 million for 18.16 P/E if the $2.60 EPS becomes a reality. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06 % negative EPS growth.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $31.35 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 19.19 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

More recent Cummins Inc. (NYSE:CMI) news were published by: Gurufocus.com which released: “Lau Associates Llc Buys Discover Financial Services, Cummins Inc, Alaska Air …” on January 23, 2018. Also Seekingalpha.com published the news titled: “Cummins Stock Is Positioned For Outperformance” on January 10, 2018. Seekingalpha.com‘s news article titled: “How Far Could Cummins Fall?” with publication date: January 22, 2018 was also an interesting one.

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