Cummins (CMI, Financial) reported first-quarter revenue of $8.17 billion, aligning with market expectations. The company achieved remarkable results, notably driven by the outstanding performance of its Power Systems Segment.
Jennifer Rumsey, chair and CEO, acknowledged the hard work of the global workforce in overcoming challenges to deliver for clients. However, due to mounting economic uncertainties, specifically those influenced by tariffs, Cummins has opted to retract its full-year forecast.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Cummins Inc (CMI, Financial) is $347.72 with a high estimate of $460.00 and a low estimate of $240.00. The average target implies an upside of 15.96% from the current price of $299.85. More detailed estimate data can be found on the Cummins Inc (CMI) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Cummins Inc's (CMI, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cummins Inc (CMI, Financial) in one year is $304.00, suggesting a upside of 1.38% from the current price of $299.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cummins Inc (CMI) Summary page.
