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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
10/08/2024 12:06:00 EST
Cummins Inc (CMI)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CMI has been trading in a range between $326.40 and $293.36 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CMI is breaking above top of the recent 20 day range at $326.40 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Cummins Inc $CMI entered a Green zone 18 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $257.88, a potential down side of -22.26% from the recent price of 331.71. The stock is trading 0.53% (potential upside) below its 52 week high of $333.48 and 59.95 % (potential downside) above its 52 week low of $207.38 - based on the recent price.
Company Summary
Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera.
News
| These 2 Auto, Tires and Trucks Stocks Could Beat Earnings: Why They Should Be on Your Radar The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now. Source: Zacks Investment Research Tue, 08 Oct 2024 10:00:53 -0400 Sentiment: Positive |
| Cummins (CMI) is a Top Dividend Stock Right Now: Should You Buy? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cummins (CMI) have what it takes? Source: Zacks Investment Research Thu, 03 Oct 2024 12:45:35 -0400 Sentiment: Positive |
| Cummins: Solid Fundamentals And Undervalued Cummins Inc. is a global leader in industrial power systems, focusing on diesel, natural gas, electric, and hybrid powertrains, with a strong technical superiority. CMI's strategy involves leveraging its fossil fuel-based business to fund its transition to zero-emission technologies, aiming for a $100 billion market by FY2030. Despite legal disputes and cyclical market challenges, CMI maintains solid fundamentals, high reinvestment efficiency, and a competitive edge, making it a strong investment. Source: Seeking Alpha Mon, 30 Sep 2024 03:11:50 -0400 Sentiment: Positive |
| Cummins: The Compounder Everyone Seems To Ignore Cummins Inc is a leader in engine and power generation manufacturing, has shown consistent financial performance, growing at a CAGR of 13.6% since the Financial Crisis. Q2'24 results were strong, with revenue and EPS beating estimates, highlighting resilience despite industry headwinds, especially in the trucking sector. I think Cummins is well-positioned for future growth due to emissions regulations and increasing demand for electrification and alternative energy solutions. Source: Seeking Alpha Sun, 22 Sep 2024 00:59:24 -0400 Sentiment: Positive |
| This is Why Cummins (CMI) is a Great Dividend Stock Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cummins (CMI) have what it takes? Source: Zacks Investment Research Tue, 17 Sep 2024 12:46:04 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 333.48 52 Week Low: 207.3845 Beta: 0.976 50 Day MA: 304.816 200 Day MA: 280.0292 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.042 Qtr Revenue Growth YOY: 0.018 Forward PE: 15.1976 Trailing PE: 23.7615