Cummins Inc. stock performance trend indicates that the stock price has rallied 11.77% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 20.57% . Looking at the past 52 week period, the stock price is up at 40.35% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cummins Inc. has a positive value of 25.62 compared to overall market.Cummins Inc. is having a Relative Strength Index of 61.84 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Cummins Inc. (NYSE:CMI) has climbed 1.99% in the past week and advanced 1.05% in the last 4 weeks. The company has outperformed the S&P 500 by 1.74% in the past week but underperformed the index by 0.1% in the last 4 weeks.
Cummins Inc. (NYSE:CMI) : On Friday heightened volatility was witnessed in Cummins Inc. (NYSE:CMI) which led to swings in the share price. The stock opened for trading at $154.95 and hit $155.51 on the upside , eventually ending the session at $154.51, with a gain of 0.34% or 0.52 points. The heightened volatility saw the trading volume jump to 1,779,834 shares. The 52-week high of the share price is $155.51 and the company has a market cap of $25,982 million. The 52-week low of the share price is at $104.3 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cummins was Upgraded by Longbow to Buy on Jan 19, 2017. Company shares were Upgraded by Barclays on Jan 9, 2017 to Equal Weight, Raises Price Target to $ 135 from a previous price target of $108 .
Company has reported several Insider transactions to the SEC, on Dec 5, 2016, Steven M Chapman (Group Vice President) sold 3,000 shares at 145.00 per share price.On Nov 30, 2016, Tony Satterthwaite (President – Distribution) sold 3,607 shares at 138.03 per share price.On Nov 30, 2016, Robert Herdman (director) sold 1,000 shares at 137.77 per share price.
Cummins Last issued its quarterly earnings results on Feb 9, 2017. The company reported $2.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $2.00. The company had revenue of $4500.00 million for the quarter, compared to analysts expectations of $4342.85 million. The companys revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.
Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.