Cowen & Co. analyst Matt Elkott maintained a Hold rating on Cummins Inc (NYSE:CMI). on Tuesday, setting a price target of $239, which is approximately 1.25% below the present share price of $242.03.
Elkott expects Cummins Inc. to post earnings per share (EPS) of $3.39 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Cummins, with an average price target of $243.5.
The analysts price targets range from a high of $273 to a low of $226.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $5.12 billion and a net profit of $572 million. The company's market cap is $35.82 billion.
According to TipRanks.com, Cowen & Co. analyst Matt Elkott is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 63.22% success rate.
Cummins, Inc. designs, manufactures and markets diesel and natural gas engines. It operates through the following segments: Engine, Distribution, Components, Power Systems and New Power. The Engine segment manufactures and markets diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Distribution segment consists of parts, engines, power generation and service, which service and distributes its products and services. The Components segment supplies products such as, aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel and natural gas applications. The Power Systems segment engages in power generation, industrial and generator technologies. The New Power segment designs, manufactures, sells and supports electrified power systems with components and subsystems, including battery, fuel cell and hydrogen production technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.