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NYSE: CMI
Cummins Inc Stock Forecast, Predictions & Price Target

Analyst price target for CMI

Based on 9 analysts offering 12 month price targets for Cummins Inc.
Min Forecast
$230.00+4.89%
Avg Forecast
$280.67+28%
Max Forecast
$325.00+48.22%

Should I buy or sell CMI stock?

Based on 9 analysts offering ratings for Cummins Inc.
Buy
Strong Buy
3 analysts 33.33%
Buy
2 analysts 22.22%
Hold
4 analysts 44.44%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CMI stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Anonymous
Morgan Stanley
HoldMaintains$262.00+19.49%2021-11-03
Credit Suisse
Bottom 1%
1
BuyMaintains$304.00+38.64%2021-11-03
Morgan Stanley
Top 30%
71
HoldMaintains$252.00+14.93%2021-10-13
Goldman Sachs
Top 7%
94
HoldDowngrades$230.00+4.89%2021-08-24
Cowen & Co.
Top 22%
79
BuyUpgrades$284.00+29.52%2021-07-16
Deutsche Bank
Top 19%
82
HoldMaintains$255.00+16.29%2021-07-14
Bank of America
Top 13%
88
Strong BuyUpgrades$325.00+48.22%2021-05-17
BMO Capital
Top 39%
62
HoldMaintains$270.00+23.14%2021-05-06
Jefferies
Top 21%
80
Strong BuyUpgrades$325.00+48.22%2021-03-04
Argus Research
Top 23%
78
Strong BuyMaintains$281.00+28.15%2021-02-11

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Forecast return on equity

Is CMI forecast to generate an efficient return?
Company
N/A
Industry
22.37%
Market
37.06%

Forecast return on assets

Is CMI forecast to generate an efficient return on assets?
Company
N/A
Industry
7.95%

CMI earnings per share forecast

What is CMI's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$16.37+6.71%
Avg 2 year Forecast
$19.02+23.99%
Avg 3 year Forecast
$20.40+32.99%
CMI's earnings are forecast to grow at a rate of 10.72% per year, which is not exceptional
Forecast

CMI revenue forecast

What is CMI's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$24.0B-0.03%
Avg 2 year Forecast
$26.0B+8.35%
Avg 3 year Forecast
$27.4B+14.19%
CMI's revenue is forecast to grow at a rate of 4.67% per year, which is not exceptional
Forecast

CMI earnings growth forecast

How is CMI forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
10.72%
Industry
9.8%
Market
14.37%
CMI's earnings are forecast to grow faster (10.72% per year) than the US Specialty Industrial Machinery industry average (9.8%)
Forecast
CMI's earnings are forecast to grow slower (10.72% per year) than the US market average (14.37%)
Forecast
CMI's earnings are forecast to grow faster (10.72% per year) than the risk-free savings rate (1.4%)
Forecast

CMI revenue growth forecast

How is CMI forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
4.67%
Industry
5.67%
Market
10.03%
CMI's revenues are forecast to grow slower (4.67% per year) than the US Specialty Industrial Machinery industry average (5.67%)
Forecast
CMI's revenues are forecast to grow slower (4.67% per year) than the US market average (10.03%)
Forecast

Cummins Stock Forecast FAQ

Is Cummins Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: CMI) stock is to Buy CMI stock.

Out of 9 analysts, 3 (33.33%) are recommending CMI as a Strong Buy, 2 (22.22%) are recommending CMI as a Buy, 4 (44.44%) are recommending CMI as a Hold, 0 (0%) are recommending CMI as a Sell, and 0 (0%) are recommending CMI as a Strong Sell.

What is CMI's earnings growth forecast for 2021-2023?

(NYSE: CMI) Cummins's forecast annual earnings growth rate of 10.72% is forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 9.8%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Cummins's earnings in 2021 is $2,238,000,000.On average, 10 Wall Street analysts forecast CMI's earnings for 2021 to be $2,341,431,352, with the lowest CMI earnings forecast at $2,274,206,383, and the highest CMI earnings forecast at $2,404,365,365. On average, 10 Wall Street analysts forecast CMI's earnings for 2022 to be $2,720,465,749, with the lowest CMI earnings forecast at $2,591,737,086, and the highest CMI earnings forecast at $2,867,788,552.

In 2023, CMI is forecast to generate $2,917,849,699 in earnings, with the lowest earnings forecast at $2,773,387,533 and the highest earnings forecast at $3,003,668,808.

What is CMI's revenue growth forecast for 2021-2023?

(NYSE: CMI) Cummins's forecast annual revenue growth rate of 4.67% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 5.67%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Cummins's revenue in 2021 is $24,001,000,000.On average, 7 Wall Street analysts forecast CMI's revenue for 2021 to be $3,431,794,596,071, with the lowest CMI revenue forecast at $3,405,016,173,488, and the highest CMI revenue forecast at $3,469,313,280,119. On average, 7 Wall Street analysts forecast CMI's revenue for 2022 to be $3,719,589,549,559, with the lowest CMI revenue forecast at $3,619,420,913,640, and the highest CMI revenue forecast at $3,817,271,147,704.

In 2023, CMI is forecast to generate $3,920,050,400,913 in revenue, with the lowest revenue forecast at $3,827,675,284,328 and the highest revenue forecast at $4,033,466,646,593.

What is CMI's forecast return on assets (ROA) for 2021-2024?

(NYSE: CMI) forecast ROA is N/A, which is lower than the forecast US Specialty Industrial Machinery industry average of 7.95%.

What is CMI's Price Target?

According to 9 Wall Street analysts that have issued a 1 year CMI price target, the average CMI price target is $280.67, with the highest CMI stock price forecast at $325.00 and the lowest CMI stock price forecast at $230.00.

On average, Wall Street analysts predict that Cummins's share price could stay at $280.67 by Nov 3, 2022. The average Cummins stock price prediction forecasts a potential downside of N/A from the current CMI share price of $219.27.

What is CMI's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: CMI) Cummins's current Earnings Per Share (EPS) is $15.34. On average, analysts forecast that CMI's EPS will be $16.37 for 2021, with the lowest EPS forecast at $15.90, and the highest EPS forecast at $16.81. On average, analysts forecast that CMI's EPS will be $19.02 for 2022, with the lowest EPS forecast at $18.12, and the highest EPS forecast at $20.05. In 2023, CMI's EPS is forecast to hit $20.40 (min: $19.39, max: $21.00).

What is CMI's forecast return on equity (ROE) for 2021-2024?

(NYSE: CMI) forecast ROE is N/A, which is considered weak.
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