Cummins (NYSE:CMI) Stock Price Target Cut by Wells Fargo & Company

Cummins (NYSE:CMI) had its price target cut by investment analysts at Wells Fargo & Company from $608.00 to $520.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 13.78% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Evercore lowered their price objective on shares of Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Morgan Stanley increased their target price on shares of Cummins from $752.00 to $761.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Zacks Research cut shares of Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Barclays dropped their price target on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, UBS Group cut their price objective on Cummins from $835.00 to $741.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $689.06.

Cummins Trading Up 1.9%

Shares of CMI traded up $8.46 during midday trading on Friday, hitting $457.04. The stock had a trading volume of 320,702 shares, compared to its average volume of 1,019,182. The business has a 50-day simple moving average of $528.92 and a two-hundred day simple moving average of $600.18. The firm has a market cap of $62.92 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. Cummins has a fifty-two week low of $443.62 and a fifty-two week high of $737.76.

Cummins (NYSE:CMI) last released its quarterly earnings results on Thursday, November 5th. The company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.20 by $0.05. Cummins had a net margin of 7.82% and a return on equity of 25.29%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business earned $5.59 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Cummins will post 29.98 EPS for the current year.

Insider Activity

In related news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $572.22, for a total transaction of $399,409.56. Following the transaction, the vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Trading of Cummins

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Cummins during the second quarter worth about $8,204,241,000. Bank of America Corp DE bought a new position in Cummins during the second quarter valued at about $1,408,353,000. Bank of New York Mellon Corp acquired a new position in Cummins in the 2nd quarter valued at approximately $973,198,000. Legal & General Group Plc acquired a new position in Cummins in the 2nd quarter valued at approximately $666,635,000. Finally, Vontobel Holding Ltd. raised its holdings in Cummins by 1,436.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 584,674 shares of the company’s stock valued at $302,025,000 after acquiring an additional 546,613 shares in the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Key Cummins News

Here are the key news stories impacting Cummins this week:

• Positive Sentiment: Data-center demand is emerging as a significant growth driver for Cummins, helping diversify its business beyond traditional truck markets. Cummins: Data Center Demand Is Now a Core Growth Driver
• Positive Sentiment: Quarterly profit increased year over year, with reported EPS of $8.25 versus $5.59 a year earlier; one set of consensus estimates showed a slight earnings beat. Revenue also grew 13.5% year over year. Cummins Q3 Profit More Than Doubles; Cuts FY26 Revenue Outlook
• Negative Sentiment: Revenue of $9.44 billion fell short of analyst expectations of about $9.89 billion. Some reports also described adjusted earnings as missing estimates, reflecting differences in the earnings measures and consensus figures cited. Cummins misses Q3 sales expectations
• Negative Sentiment: Cummins lowered its 2026 revenue outlook to $37.0 billion, below the roughly $37.7 billion analyst consensus. The company cited weakness tied to pickup-truck demand, raising concerns about near-term sales. Cummins earnings hit record, but pickup weakness cuts outlook

About Cummins

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.

Cummins’ product portfolio includes diesel and natural gas engines, generators and other power-generation equipment, as well as fuel systems, filtration products, emissions-control systems, turbochargers and drivetrain components.