Cummins Inc. (NYSE:CMI) gets upgraded to Buy by Piper Jaffray Companies with a price target of $188.00

ME Staff
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Analyst Ratings For Cummins Inc. (NYSE:CMI)

Today, Cummins Inc. (NYSE:CMI) stock received an upgrade by Piper Jaffray Companies from Neutral to Buy with a price target of $188.00.

There are 15 Hold Ratings, 6 Buy Ratings, 3 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Cummins Inc. (NYSE:CMI) is Hold with a consensus target price of $167.30 per share, a potential 11.10% upside.

Some recent analyst ratings include

  • 10/4/2018-Cummins Inc. (NYSE:CMI) gets upgraded to Buy by Piper Jaffray Companies with a price target of $188.00
  • 10/1/2018-Cummins Inc. (NYSE:CMI) had its Buy rating reiterated by Stifel Nicolaus with a $172.00 price target
  • 8/24/2018-Cummins Inc. (NYSE:CMI) gets downgraded to Underweight by JPMorgan Chase & Co. with a price target of $137.00

Recent Insider Trading Activity For Cummins Inc. (NYSE:CMI)
Cummins Inc. (NYSE:CMI) has insider ownership of 0.67% and institutional ownership of 79.26%.

  • On 8/6/2018 Tracy A Embree, VP, sold 462 with an average share price of $141.70 per share and the total transaction amounting to $65,465.40.
  • On 8/3/2018 Alexis M. Herman, Director, sold 735 with an average share price of $139.90 per share and the total transaction amounting to $102,826.50.
  • On 8/9/2017 Franklin R Changdiaz, Director, sold 1,633 with an average share price of $159.27 per share and the total transaction amounting to $260,087.91.
  • On 7/25/2017 Pat Ward, CFO, sold 5,000 with an average share price of $169.00 per share and the total transaction amounting to $845,000.00.
  • On 7/25/2017 Tony Satterthwaite, Insider, sold 4,000 with an average share price of $169.00 per share and the total transaction amounting to $676,000.00.
  • On 7/24/2017 Jill E Cook, Insider, sold 7,000 with an average share price of $165.86 per share and the total transaction amounting to $1,161,020.00.
  • On 7/6/2017 Richard Joseph Freeland, COO, sold 22,550 with an average share price of $165.00 per share and the total transaction amounting to $3,720,750.00.

About Cummins Inc. (NYSE:CMI)
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brands for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

Recent Trading Activity for Cummins Inc. (NYSE:CMI)
Shares of Cummins Inc. closed the previous trading session at 150,59 up +1,64 1,10 % with 149.13 shares trading hands.