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Citigroup has lowered its price target on Cummins Inc. to $360 from $430 while maintaining a Buy rating. Cummins specializes in designing and manufacturing diesel and gas engines, generators, and components, with significant sales in the U.S. (56.7%) and a diverse product range including filtration systems and turbochargers.
Cummins Inc., which designs and manufactures diesel and natural gas engines, has 83.46% of its stock owned by institutional investors and hedge funds. The company recently faced mixed analyst ratings, with a consensus "Hold" rating and a target price of $389.50, while UBS lowered its price objective to $400. In its latest earnings report, Cummins beat expectations with $5.16 EPS and $8.45 billion in revenue, despite a year-over-year revenue decline of 1.1%.
Universal Beteiligungs und Servicegesellschaft mbH acquired a $45 million stake in Cummins, which is predominantly owned by institutional investors and hedge funds. Cummins, a leader in diesel and natural gas engines, reported a quarterly EPS of $5.16, exceeding estimates, despite a slight revenue decline. Analysts maintain a "Hold" rating, with a consensus price target of $388.55, while recent price targets from various firms reflect mixed outlooks.
UBS has lowered its price target for Cummins shares from $432 to $400 while maintaining a Buy rating, citing concerns over the North American truck market amid economic uncertainty. Despite a current trading price of $322.81, the company shows strong fundamentals, with a market cap of $44.4 billion and a solid financial rating. Cummins reported earnings of approximately $3.9 billion on $34.1 billion in revenue for 2024 and announced a quarterly dividend of $1.82 per share. The company is focusing on hybrid solutions and has introduced a new X10 engine, although regulatory changes may impact future earnings.
UBS has reduced its price target for Cummins shares to $400 from $432 while maintaining a Buy recommendation, citing concerns over the truck market recovery amid economic uncertainties. Currently trading at $322.81, Cummins has a market cap of $44.4 billion and reported earnings of approximately $3.9 billion on sales of $34.1 billion in 2024. The company is focusing on margin improvements and growth in the Power Gen sector, despite potential challenges from warranty provisions and inflationary pressures.
UBS analyst Steven Fisher has reduced the price target for Cummins (CMI) to $400. This adjustment reflects the latest market analysis and expectations for the company. Further details are available for premium subscribers.
RVNL, Swiggy, and NTPC Green are set to join AMFI's largecap list, while IDBI Bank and NHPC may drop to midcap status, according to Nuvama's projections for the first half of 2025. CG Power, Rail Vikas Nigam, and Indus Towers are also expected to transition to largecap, with the largecap cut-off projected to rise to approximately Rs 99,200 billion.
Cummins India is experiencing robust growth in the domestic market, driven by industrial expansion and increased capital expenditure. The company anticipates double-digit revenue growth for the current fiscal year, with the power generation segment showing an impressive 84.4% year-on-year increase. While exports are gradually improving, particularly in Latin America and Europe, the stock is valued reasonably at 46 times estimated FY26 earnings.
Cummins Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
citigroup lowers price target on cummins while maintaining buy rating
13:14 31.03.2025
cummins stock faces mixed analyst ratings and institutional investor interest
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14:49 19.03.2025
cummins stock sees mixed analyst ratings and institutional investment activity
13:39 19.03.2025
UBS lowers Cummins price target amid cautious truck market outlook
15:50 18.03.2025
UBS lowers Cummins price target amid cautious outlook on truck market recovery
15:50 18.03.2025
ubs lowers cummins price target to four hundred dollars
15:05 18.03.2025
amfi largecap list may include swiggy ntpc green and rvnl
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Cummins Inc.
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11:08 29.11.2024
Cummins India reports strong domestic growth amid improving export performance
06:10 27.11.2024
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