Cummins (CMI) Shares are Down -1.28%

Cummins (CMI) has risen sharply, recording gains of 1.42% in the past 4 weeks. However, the stock has corrected -1.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.07% and the fifty day Moving Average is 5.07%. Cummins Inc. is up 10.85% in the last three month period. Year-to-Date the stock performance stands at 45.28%.

Cummins (CMI) stock is expected to deviate a maximum of $12.55 from the average target price of $112 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $135 and the most muted being $95.


Cummins (NYSE:CMI): On Fridays trading session , Opening price of the stock was $125.54 with an intraday high of $127.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $124.18. However, the stock managed to close at $124.51, a loss of 0.65% for the day. On the previous day, the stock had closed at $125.33. The total traded volume of the day was 1,123,103 shares.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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