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The Latest Breaking News from CMI

Black and Asian UK workers say they are held back at work by bias, survey finds

Hairstyles and not drinking among reasons most minority ethnic respondents believe they have been treated in a prejudiced way

The Guardian - UK

$1000 Invested In This Stock 15 Years Ago Would Be Worth $4,200 Today

$1000 Invested In This Stock 15 Years Ago Would Be Worth $4,200 Today

Cummins (NYSE:CMI) has outperformed the market over the past 15 years by 3.68% on an annualized basis producing an average annual return of 10.13%. Currently, Cummins has a market capitalization of $28.97 billion.

$100 Invested In Cummins 15 Years Ago Would Be Worth This Much

$100 Invested In Cummins 15 Years Ago Would Be Worth This Much

Cummins (NYSE:CMI) has outperformed the market over the past 15 years by 3.39% on an annualized basis producing an average annual return of 10.34%. Currently, Cummins has a market capitalization of $29.47 billion.

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Analyst Ratings for Cummins

Cummins (NYSE:CMI) has observed the following analyst ratings within the last quarter:

Expert Ratings for Cummins

Within the last quarter, Cummins (NYSE:CMI) has observed the following analyst ratings:

UBS Downgrades Cummins, Cuts Price Target by 18%

UBS downgraded Cummins Inc (NYSE:CMI) to Neutral from Buy and reduced the price target to $214 (an upside of 5%) from $260. Analyst Steven Fisher mentions that the North America truck cycle will peak in 2023, with North America trucker profitability expected to peak in 2022 and new emissions regulations in 2024 pushing a pre-buy.…

Cummins Agrees To Acquire Meritor For $3.7B

Cummins Inc (NYSE:CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE:MTOR) for about $3.7 billion, including assumed debt and net of acquired cash. The company will pay Meritor shareholders $36.50 in cash per share, representing a 48% premium to the Meritor's closing price of $24.67 on February 18, 2022. Meritor, headquartered…

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Infrastructure in 2022: The Complete Investors Guide

Infrastructure in 2022: The Complete Investors Guide

Improving America’s infrastructure is one rare area of bipartisan agreement. According to Gallup, 68% of Americans expressed support for infrastructure spending. The Infrastructure Jobs and Investment Act was passed at the end of last year and will benefit stocks like Rio Tinto (RIO), Cummins (CMI), ArcelorMittal (MT), Eaton (ETN), and…

Cummins To Acquire Jacobs Vehicle Systems Business From Altra Industrial For $325M

Cummins To Acquire Jacobs Vehicle Systems Business From Altra Industrial For $325M

Cummins Inc. (NYSE:CMI) has agreed to acquire Jacobs Vehicle Systems, a subsidiary of Altra Industrial Motion Corp (NASDAQ:AIMC), for $325 million. Founded in 1961, Jacobs Vehicle Systems has roughly 600 employees and more than 60 years of experience in engine retarding and valve actuation systems for the commercial vehicle industry. It generated ~$193 million in…

Cummins To Take Full Control Of Former JV With Westport

Cummins To Take Full Control Of Former JV With Westport

Cummins Inc. (NYSE:CMI) has agreed to acquire the remaining stake in the former Cummins Westport Joint Venture from Westport Fuel Systems Inc. (NASDAQ:WPRT). Financial terms were not disclosed. CMI will operate the business as the sole owner. The Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. Cummins will also buy Westport’s interest…

Where Cummins Stands With Analysts

Where Cummins Stands With Analysts

Within the last quarter, Cummins (NYSE:CMI) has observed the following analyst ratings:

Cummins: Q4 Earnings Insights

Cummins: Q4 Earnings Insights

Cummins (NYSE:CMI) reported its Q4 earnings results on Thursday, February 3, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Cummins Reports Mixed Q4 Results; Expects China Demand To Moderate In FY22

Cummins Reports Mixed Q4 Results; Expects China Demand To Moderate In FY22

Cummins Inc. (NYSE:CMI) reported fourth-quarter sales of $5.85 billion, flat year-over-year, beating the consensus of $5.79 billion. Sales in North America decreased 4% while international revenues increased 6% Y/Y, driven by strong demand across most global markets, except China. Sales by segments: Engine $2.4 billion (+4% Y/Y), Distribution $2.1 billion (+3% Y/Y),…

Recap: Cummins Q4 Earnings

Recap: Cummins Q4 Earnings

Cummins (NYSE:CMI) reported its Q4 earnings results on Thursday, February 3, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

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What 5 Analyst Ratings Have To Say About Cummins

Over the past 3 months, 5 analysts have published their opinion on Cummins (NYSE:CMI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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