Cummins Inc. (NYSE:CMI) added 2.58% and closed its last session at $141.78. The stock has the market capitalization of $23.86 Billion with the total outstanding shares of 168.27 Million. Cummins Inc.. has Analysts’ Mean Recommendation of 3.13 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 20.54 for trailing twelve months while its Forward P/E is 17.98.
Cummins Inc. (NYSE:CMI) touched its 52-Week High of $142.68 on Nov 30, 2016 while it’s 52-Week Low of $79.88 on Jan 20, 2016. The company currently has Return on Assets of 7.8 percent, Return on Equity of 16.7% and Return on Investment of 16.6 percent. The stock currently showing Weekly Volatility of 1.78%% and Monthly Volatility of 2.32% Percent with Average True Range of 2.97 and Beta of 1.35.
The 21 analysts offering 12-month price forecasts for Cummins Inc have a median target of 120.00, with a high estimate of 162.00 and a low estimate of 104.00. The median estimate represents a -15.36% decrease from the last price of 141.78.
The Company on 30 November dedicated to increasing the availability and reliability of electric power around the world, commissioned an online survey conducted by Harris Poll among over 2,000 US adults to discover how Americans feel, and how they react when they lose power. According to the survey, 62% of Americans lose power once a year or less, with 38% losing it more than once. When asked how long before losing power was no longer fun, 22% said it wasn’t fun at all, not even for a minute, while 32% said the fun stopped between one and four hours on a typical weekday.
Most Americans (63%) say among the most inconvenient times to lose power at home is in the evening (6pm-10pm), while 36% say it’s in the early morning (5am-9am). When asked what they missed the most when the power is out, 58% said heating/air conditioning followed closely by internet connection (56%) and refrigerator (56%). 73% of Americans agree they would rather have internet over TV/cable when the power is out.
Twenty-three percent miss the ability to recharge portable devices, while nine percent miss video games when the power is out. Surprisingly, 33% percent would rather give up social media access for a week, and 29% would opt to wait in line at the DMV over losing power for a day.
Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.