Barclays (LON:BARC) analyst Adam Seiden maintained a Hold rating on Cummins (NYSE:CMI) on Friday, setting a price target of $248, which is approximately 6.18% below the present share price of $264.35.
Seiden expects Cummins to post earnings per share (EPS) of $3.39 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Cummins, with an average price target of $274.6.
The analysts price targets range from a high of $325 to a low of $243.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $5.83 billion and a net profit of $549 million. The company's market cap is $38.74 billion.
According to TipRanks.com, Barclays analyst Adam Seiden is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 16.8% and a 55.67% success rate.
Founded in 1919 and based in Indiana, Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through five segments: Engine, Distribution, Components, Power Systems and New Power.