Cummins (CMI) Receives News Impact Rating of 0.14

News coverage about Cummins (NYSE:CMI) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cummins earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2989311252814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently weighed in on CMI. Wells Fargo & Co reiterated a “buy” rating and issued a $195.00 price target (down from $210.00) on shares of Cummins in a report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $182.00 price target on shares of Cummins in a report on Monday, February 5th. Zacks Investment Research downgraded Cummins from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet downgraded Cummins from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Finally, Credit Suisse Group reduced their price target on Cummins from $208.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Cummins presently has an average rating of “Hold” and an average price target of $188.47.

Cummins (CMI) traded up $2.51 on Friday, reaching $169.53. The company’s stock had a trading volume of 1,775,075 shares, compared to its average volume of 1,590,000. The stock has a market cap of $28,140.00, a P/E ratio of 28.54, a P/E/G ratio of 1.17 and a beta of 1.14. Cummins has a one year low of $143.83 and a one year high of $194.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.01.

Cummins (NYSE:CMI) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $3.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.38. Cummins had a return on equity of 22.18% and a net margin of 4.89%. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $2.25 EPS. The business’s revenue was up 21.6% compared to the same quarter last year. equities analysts anticipate that Cummins will post 12.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Friday, February 23rd will be issued a $1.08 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.55%. Cummins’s dividend payout ratio is presently 72.73%.

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About Cummins

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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