Were Analysts Bullish Cummins Inc. (NYSE:CMI) This Week?

June 20, 2017 - By Marie Mckinney

 Were Analysts Bullish Cummins Inc. (NYSE:CMI) This Week?
Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.01, from 1.07 in 2016Q3. It dropped, as 44 investors sold Cummins Inc. shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported.
Cwm Limited has 1,190 shares. Adirondack Tru Communication invested in 1,107 shares or 0.11% of the stock. Point72 Asset Management Limited Partnership reported 152,400 shares stake. Moreover, Henderson Group Inc Pcl has 0.09% invested in Cummins Inc. (NYSE:CMI) for 92,000 shares. Pension Ser holds 139,013 shares or 0.13% of its portfolio. The Pennsylvania-based Bryn Mawr Co has invested 0.1% in Cummins Inc. (NYSE:CMI). Prelude Management Ltd Liability Com holds 1,507 shares. Pinnacle Associate invested 1.24% in Cummins Inc. (NYSE:CMI). Profund Advsrs Ltd Com owns 5,062 shares for 0.03% of their portfolio. Jnba Advsrs has invested 0% of its portfolio in Cummins Inc. (NYSE:CMI). Lenox Wealth Mngmt Inc has invested 0.03% in Cummins Inc. (NYSE:CMI). Mufg Americas Holdg Corp stated it has 8,890 shares or 0.04% of all its holdings. Manning Napier Advsrs Limited Liability holds 23,812 shares or 0.02% of its portfolio. Conning invested in 1.11% or 203,808 shares. Salem Investment Counselors Incorporated holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 400 shares.

Since April 28, 2017, it had 0 insider buys, and 6 sales for $6.22 million activity. $604,139 worth of stock was sold by Satterthwaite Tony on Friday, April 28. LINEBARGER NORMAN THOMAS had sold 24,000 shares worth $3.91M. On Tuesday, May 2 CHAPMAN STEVEN M sold $1.07M worth of Cummins Inc. (NYSE:CMI) or 6,540 shares. 1,086 shares valued at $169,527 were sold by NELSON GEORGIA R on Thursday, May 25. 1,300 shares were sold by HERMAN ALEXIS M, worth $206,911 on Wednesday, May 10.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 23 analysts covering Cummins (NYSE:CMI), 5 have Buy rating, 3 Sell and 15 Hold. Therefore 22% are positive. Cummins had 58 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America to “Underperform” on Tuesday, December 1. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, March 23 report. BMO Capital Markets downgraded the shares of CMI in report on Tuesday, October 6 to “Market Perform” rating. Buckingham Research downgraded Cummins Inc. (NYSE:CMI) on Wednesday, April 6 to “Neutral” rating. The rating was downgraded by CLSA to “Outperform” on Thursday, December 1. On Tuesday, October 11 the stock rating was upgraded by Goldman Sachs to “Buy”. Evercore downgraded the shares of CMI in report on Tuesday, August 4 to “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, April 13. Deutsche Bank downgraded Cummins Inc. (NYSE:CMI) on Tuesday, September 22 to “Hold” rating. The firm earned “Neutral” rating on Monday, January 25 by Citigroup. Below is a list of Cummins Inc. (NYSE:CMI) latest ratings and price target changes.

15/06/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $155.00 New Target: $160.00 Maintain
19/04/2017 Broker: Piper Jaffray Rating: Old Target: $160.00 New Target: $144.00 Target Down
13/04/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $150.00 Maintain
07/04/2017 Broker: Deutsche Bank Rating: Sell Old Target: $139.00 New Target: $142.00 Target Up
06/04/2017 Broker: Seaport Global Rating: Neutral Initiate
23/03/2017 Broker: RBC Capital Markets Rating: Hold New Target: $140.00 Maintain
19/01/2017 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade
09/01/2017 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal Weight Old Target: $108.00 New Target: $135.00 Upgrade

It closed at $164.1 lastly. It is down 43.32% since June 20, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The company has market cap of $28.00 billion. The Company’s divisions include Engine, Distribution, Components and Power Systems. It has a 18.81 P/E ratio. The Engine segment makes 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 , light-duty automotive and agricultural markets.

Another recent and important Cummins Inc. (NYSE:CMI) news was published by Reuters.com which published an article titled: “Cummins to make electric powertrains for city buses in 2019” on June 14, 2017.

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