Wells Fargo has initiated coverage on Cummins Inc (CMI) with an Overweight rating, marking the firm's first assessment of the company's investment potential. This rating reflects Wells Fargo's analysis of Cummins' business fundamentals, industry dynamics, and growth prospects.
Cummins, a leader in the machinery industry, designs and manufactures a wide range of powertrains, including diesel, natural gas, electric, and hybrid systems. The company, headquartered in Columbus, Indiana, employs approximately 69,600 individuals and has a market capitalization of $66.2 billion. As of November 13, 2025, Cummins' stock is priced at $462.61, with a trailing P/E ratio of 24.81 and an impressive dividend yield of 166.8%.
Upcoming earnings reports are anticipated on May 3, 2026, and August 2, 2026, with estimated EPS of $5.49 and $6.38, respectively. Recent earnings performance has shown strength, with the company exceeding earnings expectations in three consecutive quarters, including a notable 15% surprise in Q3 2025.
Analyst ratings, such as this one from Wells Fargo, offer insights based on extensive research and financial modeling. However, they are inherently subject to change as new information emerges. Investors should consider a variety of factors, including company fundamentals and market trends, when evaluating potential investments.
As of November 1, 2025, the analyst consensus for Cummins stands at a Buy, with six Strong Buy, six Buy, and 14 Hold ratings among 27 total analysts.
This update provides insight into Cummins' current market positioning and the perspectives of financial analysts as the company continues to navigate a dynamic industry landscape.