Cummins (CMI) Stock Forecast, Price Target & Predictions
CMI Stock Forecast
Cummins stock forecast is as follows: an average price target of $292.73 (represents a -19.10% downside from CMI’s last price of $361.86) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
CMI Price Target
The average price target for Cummins (CMI) is $292.73 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $408.00 to $220.00. This represents a potential -19.10% downside from CMI's last price of $361.86.
CMI Analyst Ratings
According to 12 Wall Street analysts, Cummins's rating consensus is 'Buy'. The analyst rating breakdown for CMI stock is 0 'Strong Buy' (0.00%), 7 'Buy' (58.33%), 5 'Hold' (41.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cummins Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 13, 2024 | David Raso | Evercore ISI | $408.00 | $293.97 | 38.79% | 12.75% |
| Nov 06, 2024 | Luke Junk | Robert W. Baird | $372.00 | $353.86 | 5.13% | 2.80% |
| Aug 05, 2024 | Adam Seiden | Barclays | $310.00 | $290.36 | 6.76% | -14.33% |
| Mar 15, 2024 | Steven Fisher | UBS | $321.00 | $274.84 | 16.80% | -11.29% |
| Mar 14, 2024 | Jamie Cook | Truist Financial | $303.00 | $262.28 | 15.52% | -16.27% |
| Feb 07, 2023 | - | Deutsche Bank | $231.00 | $251.66 | -8.21% | -36.16% |
| Feb 07, 2023 | - | Credit Suisse | $291.00 | $250.90 | 15.98% | -19.58% |
| Dec 14, 2022 | - | Morgan Stanley | $264.00 | $246.47 | 7.11% | -27.04% |
| Aug 15, 2022 | Jamie Cook | Credit Suisse | $266.00 | $227.76 | 16.79% | -26.49% |
| May 04, 2022 | - | Credit Suisse | $270.00 | $201.88 | 33.74% | -25.39% |
The latest Cummins stock forecast, released on Nov 13, 2024 by David Raso from Evercore ISI, set a price target of $408.00, which represents a 38.79% increase from the stock price at the time of the forecast ($293.97), and a 12.75% increase from CMI last price ($361.86).
Cummins Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 5 |
| Avg Price Target | $390.00 | $390.00 | $342.80 |
| Last Closing Price | $361.86 | $361.86 | $361.86 |
| Upside/Downside | 7.78% | 7.78% | -5.27% |
In the current month, the average price target of Cummins stock is $390.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 7.78% increase as opposed to Cummins's last price of $361.86. This month's average price target is down 0.00% compared to last quarter, and up 13.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 13, 2024 | Evercore ISI | - | Outperform | Upgrade |
| Oct 09, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 05, 2024 | Truist Financial | Buy | Buy | Hold |
| Aug 05, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 01, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jun 27, 2024 | Raymond James | - | Market Perform | Initialise |
| Jun 26, 2024 | Truist Financial | Buy | Buy | Hold |
| Jun 26, 2024 | Citigroup | - | Buy | Initialise |
| May 10, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 15, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Cummins's last stock rating was published by Evercore ISI on Nov 13, 2024. The company Upgrade its CMI rating from "null" to "Outperform".
Cummins Financial Forecast
Cummins Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $8.54B | $14.79B | $8.64B | $8.45B | $7.77B | $7.33B | $6.59B | $6.38B | $5.85B | $5.97B | $6.11B | $6.09B | $5.83B | $5.12B | $3.85B | $5.01B | $5.58B | $5.77B |
| Avg Forecast | $9.62B | $9.65B | $9.88B | $9.27B | $8.89B | $8.88B | $8.73B | $8.21B | $8.09B | $8.29B | $8.33B | $8.45B | $8.10B | $8.17B | $8.39B | $8.10B | $7.29B | $6.58B | $6.48B | $6.02B | $5.79B | $5.87B | $6.06B | $5.37B | $5.18B | $4.51B | $3.73B | $4.93B | $5.30B | $5.88B |
| High Forecast | $9.95B | $9.97B | $10.21B | $9.59B | $9.19B | $9.18B | $9.03B | $8.33B | $8.24B | $8.31B | $8.33B | $8.45B | $8.35B | $8.46B | $8.67B | $8.37B | $7.53B | $6.58B | $6.48B | $6.02B | $5.79B | $5.87B | $6.06B | $5.37B | $5.18B | $4.51B | $3.73B | $4.93B | $5.30B | $5.88B |
| Low Forecast | $9.29B | $9.31B | $9.53B | $8.95B | $8.58B | $8.57B | $8.43B | $7.96B | $7.98B | $8.28B | $8.33B | $8.45B | $8.00B | $7.92B | $8.10B | $7.81B | $7.03B | $6.58B | $6.48B | $6.02B | $5.79B | $5.87B | $6.06B | $5.37B | $5.18B | $4.51B | $3.73B | $4.93B | $5.30B | $5.88B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 11 | 5 | 3 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.81% | 1.03% | 1.04% | 1.07% | 1.11% | 1.02% | 1.06% | 1.01% | 1.02% | 1.01% | 1.13% | 1.13% | 1.14% | 1.03% | 1.02% | 1.05% | 0.98% |
Cummins's average Quarter revenue forecast for Mar 24 based on 4 analysts is $8.45B, with a low forecast of $8.45B, and a high forecast of $8.45B. CMI's average Quarter revenue forecast represents a -1.05% decrease compared to the company's last Quarter revenue of $8.54B (Dec 23).
Cummins EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 11 | 5 | 3 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-1.21B | $950.00M | $997.00M | $1.36B | $865.00M | $885.00M | $1.06B | $845.00M | $732.00M | $856.00M | $963.00M | $973.00M | $829.00M | $874.00M | $557.00M | $829.00M | $566.00M | $965.00M |
| Avg Forecast | $1.26B | $1.26B | $1.29B | $1.21B | $1.16B | $1.16B | $1.14B | $1.07B | $1.06B | $1.09B | $1.09B | $786.19M | $1.06B | $1.07B | $1.10B | $714.72M | $912.56M | $747.88M | $736.71M | $649.74M | $658.32M | $667.16M | $688.29M | $804.76M | $588.57M | $512.42M | $424.25M | $487.47M | $602.02M | $668.23M |
| High Forecast | $1.30B | $1.31B | $1.34B | $1.26B | $1.20B | $1.20B | $1.18B | $1.09B | $1.08B | $1.09B | $1.09B | $943.42M | $1.09B | $1.11B | $1.14B | $857.66M | $1.10B | $747.88M | $736.71M | $779.69M | $658.32M | $667.16M | $688.29M | $965.71M | $588.57M | $512.42M | $424.25M | $584.96M | $602.02M | $668.23M |
| Low Forecast | $1.22B | $1.22B | $1.25B | $1.17B | $1.12B | $1.12B | $1.10B | $1.04B | $1.05B | $1.08B | $1.09B | $628.95M | $1.05B | $1.04B | $1.06B | $571.77M | $730.05M | $747.88M | $736.71M | $519.79M | $658.32M | $667.16M | $688.29M | $643.81M | $588.57M | $512.42M | $424.25M | $389.97M | $602.02M | $668.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.14% | 0.89% | 0.91% | 1.91% | 0.95% | 1.18% | 1.43% | 1.30% | 1.11% | 1.28% | 1.40% | 1.21% | 1.41% | 1.71% | 1.31% | 1.70% | 0.94% | 1.44% |
7 analysts predict CMI's average Quarter EBITDA for Dec 23 to be $1.06B, with a high of $1.09B and a low of $1.05B. This is 11.67% upper than Cummins's previous annual EBITDA (Sep 23) of $950.00M.
Cummins Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 11 | 5 | 3 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-1.43B | $656.00M | $720.00M | $790.00M | $631.00M | $400.00M | $702.00M | $418.00M | $400.00M | $534.00M | $600.00M | $603.00M | $501.00M | $501.00M | $276.00M | $511.00M | $300.00M | $622.00M |
| Avg Forecast | $1.06B | $1.02B | $973.31M | $848.56M | $866.93M | $862.94M | $797.43M | $705.67M | $649.84M | $665.46M | $667.41M | $437.58M | $614.51M | $649.09M | $725.40M | $397.80M | $532.33M | $665.63M | $600.53M | $361.64M | $435.99M | $536.70M | $561.14M | $498.73M | $387.60M | $333.93M | $127.73M | $300.48M | $333.52M | $527.75M |
| High Forecast | $1.11B | $1.06B | $1.02B | $885.67M | $904.85M | $900.68M | $832.31M | $772.49M | $699.83M | $668.00M | $667.42M | $525.10M | $645.16M | $695.95M | $757.12M | $477.37M | $638.79M | $665.63M | $600.53M | $433.97M | $435.99M | $536.70M | $561.14M | $598.48M | $387.60M | $333.93M | $127.73M | $360.57M | $333.52M | $527.75M |
| Low Forecast | $1.01B | $972.97M | $929.23M | $810.13M | $827.67M | $823.85M | $761.32M | $641.52M | $540.15M | $662.93M | $667.39M | $350.07M | $572.70M | $603.61M | $692.54M | $318.24M | $425.86M | $665.63M | $600.53M | $289.31M | $435.99M | $536.70M | $561.14M | $398.99M | $387.60M | $333.93M | $127.73M | $240.38M | $333.52M | $527.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.33% | 1.01% | 0.99% | 1.99% | 1.19% | 0.60% | 1.17% | 1.16% | 0.92% | 0.99% | 1.07% | 1.21% | 1.29% | 1.50% | 2.16% | 1.70% | 0.90% | 1.18% |
Cummins's average Quarter net income forecast for Dec 23 is $614.51M, with a range of $572.70M to $645.16M. CMI's average Quarter net income forecast represents a -6.33% decrease compared to the company's last Quarter net income of $656.00M (Sep 23).
Cummins SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 11 | 5 | 3 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $876.00M | $831.00M | $873.00M | $753.00M | $742.00M | $708.00M | $622.00M | $615.00M | $629.00M | $571.00M | $600.00M | $574.00M | $576.00M | $533.00M | $470.00M | $546.00M | $632.00M | $600.00M |
| Avg Forecast | $962.48M | $964.91M | $987.97M | $927.51M | $889.15M | $888.43M | $873.38M | $820.85M | $809.21M | $829.52M | $833.14M | $643.82M | $810.16M | $817.64M | $839.39M | $585.29M | $784.15M | $658.05M | $648.22M | $532.08M | $579.25M | $587.02M | $605.62M | $474.75M | $517.87M | $450.87M | $373.29M | $321.06M | $529.71M | $587.96M |
| High Forecast | $994.86M | $997.37M | $1.02B | $958.71M | $919.07M | $918.33M | $902.76M | $833.51M | $824.12M | $830.83M | $833.14M | $772.58M | $835.22M | $846.17M | $867.63M | $702.34M | $940.98M | $658.05M | $648.22M | $638.49M | $579.25M | $587.02M | $605.62M | $569.70M | $517.87M | $450.87M | $373.29M | $385.27M | $529.71M | $587.96M |
| Low Forecast | $928.95M | $931.29M | $953.55M | $895.19M | $858.18M | $857.48M | $842.95M | $796.50M | $798.27M | $828.21M | $833.14M | $515.05M | $800.13M | $792.44M | $810.15M | $468.23M | $627.32M | $658.05M | $648.22M | $425.66M | $579.25M | $587.02M | $605.62M | $379.80M | $517.87M | $450.87M | $373.29M | $256.85M | $529.71M | $587.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.02% | 1.04% | 1.29% | 0.95% | 1.08% | 0.96% | 1.16% | 1.09% | 0.97% | 0.99% | 1.21% | 1.11% | 1.18% | 1.26% | 1.70% | 1.19% | 1.02% |
Cummins's average Quarter SG&A projection for Mar 24 is $643.82M, based on 4 Wall Street analysts, with a range of $515.05M to $772.58M. The forecast indicates a -26.51% fall compared to CMI last annual SG&A of $876.00M (Dec 23).
Cummins EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 11 | 5 | 3 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-10.08 | $4.63 | $5.08 | $5.58 | $4.47 | $2.83 | $4.97 | $2.94 | $2.81 | $3.72 | $4.14 | $4.10 | $3.39 | $3.39 | $1.87 | $3.42 | $1.98 | $3.99 |
| Avg Forecast | $7.69 | $7.38 | $7.05 | $6.14 | $6.28 | $6.25 | $5.77 | $5.11 | $4.71 | $4.82 | $4.83 | $5.09 | $4.45 | $4.70 | $5.25 | $4.72 | $4.52 | $4.83 | $4.35 | $3.55 | $3.16 | $3.89 | $4.07 | $3.47 | $2.81 | $2.42 | $0.93 | $2.18 | $2.42 | $3.83 |
| High Forecast | $8.02 | $7.70 | $7.36 | $6.41 | $6.55 | $6.52 | $6.03 | $5.59 | $5.07 | $4.84 | $4.83 | $5.11 | $4.67 | $5.04 | $5.48 | $4.92 | $4.72 | $4.83 | $4.35 | $3.55 | $3.16 | $3.89 | $4.07 | $3.47 | $2.81 | $2.42 | $0.93 | $2.18 | $2.42 | $3.83 |
| Low Forecast | $7.34 | $7.05 | $6.73 | $5.87 | $5.99 | $5.97 | $5.51 | $4.65 | $3.91 | $4.80 | $4.83 | $5.08 | $4.15 | $4.37 | $5.01 | $4.50 | $4.31 | $4.83 | $4.35 | $3.55 | $3.16 | $3.89 | $4.07 | $3.47 | $2.81 | $2.42 | $0.93 | $2.18 | $2.42 | $3.83 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.27% | 0.99% | 0.97% | 1.18% | 0.99% | 0.59% | 1.14% | 0.83% | 0.89% | 0.96% | 1.02% | 1.18% | 1.21% | 1.40% | 2.02% | 1.57% | 0.82% | 1.04% |
According to 7 Wall Street analysts, Cummins's projected average Quarter EPS for Dec 23 is $4.45, with a low estimate of $4.15 and a high estimate of $4.67. This represents a -3.89% decrease compared to CMI previous annual EPS of $4.63 (Sep 23).
Cummins Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AOS | A. O. Smith | $71.41 | $86.50 | 21.13% | Buy |
| ROK | Rockwell Automation | $278.14 | $283.77 | 2.02% | Buy |
| DOV | Dover | $198.73 | $190.07 | -4.36% | Buy |
| EMR | Emerson Electric | $129.56 | $120.33 | -7.12% | Buy |
| PNR | Pentair | $104.75 | $95.88 | -8.47% | Buy |
| ITW | Illinois Tool Works | $266.46 | $230.92 | -13.34% | Hold |
| CMI | Cummins | $361.86 | $292.73 | -19.10% | Buy |
| PH | Parker-Hannifin | $689.76 | $546.07 | -20.83% | Buy |
| IR | Ingersoll Rand | $102.38 | $70.67 | -30.97% | Buy |
| ETN | Eaton | $363.69 | $243.05 | -33.17% | Buy |