Evercore ISI Sticks to Their Buy Rating for Cummins (CMI) | Markets Insider
Evercore ISI analyst David Raso maintained a Buy rating on Cummins (CMI – Research Report) yesterday and set a price target of $451.00. The company’s shares closed yesterday at $386.07.
According to TipRanks, Raso is a 4-star analyst with an average return of 10.3% and a 63.89% success rate. Raso covers the Industrials sector, focusing on stocks such as Caterpillar, Deere, and United Rentals.
Currently, the analyst consensus on Cummins is a Moderate Buy with an average price target of $401.82, which is a 4.08% upside from current levels. In a report released on February 10, Citi also maintained a Buy rating on the stock with a $430.00 price target.
The company has a one-year high of $387.90 and a one-year low of $259.06. Currently, Cummins has an average volume of 731.7K.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMI in relation to earlier this year. Earlier this month, Mark Andrew Smith, the VP – CFO of CMI sold 11,430.00 shares for a total of $4,281,317.79.
