Cummins Inc. (NYSE:CMI) Stock Has Consensus Target Price of $703.18 According to Brokerages

26 Oct 2026, 04:59 by Renee Jackson · The Cerbat Gem

Cummins Inc. (NYSE:CMI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $703.18.

CMI has been the topic of a number of research reports. Zacks Research lowered shares of Cummins from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. DA Davidson raised their price target on shares of Cummins from $605.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their price objective on shares of Cummins from $690.00 to $600.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $700.00 price objective on shares of Cummins in a report on Wednesday, August 5th. Finally, Bank of America decreased their price objective on Cummins from $731.00 to $600.00 in a research report on Thursday, September 24th.

Check Out Our Latest Analysis on CMI

Cummins Price Performance

Shares of CMI stock opened at $517.64 on Wednesday. Cummins has a 52 week low of $413.98 and a 52 week high of $737.76. The stock has a market capitalization of $71.26 billion, a PE ratio of 26.45, a PEG ratio of 1.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73. The stock’s fifty day moving average is $545.26 and its 200-day moving average is $619.89.

Cummins (NYSE:CMI – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.21 by ($0.48). Cummins had a return on equity of 25.29% and a net margin of 7.82%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same quarter last year, the company earned $6.43 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Cummins will post 29.98 EPS for the current fiscal year.

Cummins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 20th will be issued a $2.20 dividend. The ex-dividend date is Friday, November 20th. This represents a $8.80 annualized dividend and a yield of 1.7%. Cummins’s dividend payout ratio (DPR) is currently 44.97%.

Insider Buying and Selling

In other Cummins news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the sale, the vice president directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. The trade was a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CMI. Cedar Mountain Advisors LLC raised its position in shares of Cummins by 1,500.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Cummins in the 2nd quarter worth $26,000. Key Financial Inc boosted its position in shares of Cummins by 62.5% in the 1st quarter. Key Financial Inc now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 20 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Cummins by 91.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock worth $33,000 after purchasing an additional 22 shares during the last quarter. Finally, Steph & Co. grew its stake in shares of Cummins by 112.9% during the first quarter. Steph & Co. now owns 66 shares of the company’s stock worth $36,000 after purchasing an additional 35 shares during the period. Institutional investors own 83.46% of the company’s stock.

Cummins Company Profile

(Get Free Report)

Cummins Inc is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services engines and power systems for commercial vehicles, industrial equipment, mining, construction, agriculture, marine applications and other markets.