Barclays has upgraded Cummins Inc (CMI) to Overweight from Equal-Weight, reflecting a more optimistic outlook on the company's prospects. The action, taken on December 18, 2025, comes as Cummins continues to engage in the design, manufacture, and distribution of various powertrains, including diesel, natural gas, and electric systems.
Currently trading at $516.58, Cummins boasts a market capitalization of $69.5 billion and a P/E ratio of 26.06. The company reported an EPS of 19.27 for the trailing twelve months, with a dividend yield of 160.8%. Recent earnings performance has been strong, with Q3 2025 EPS coming in at $5.59, surpassing estimates by 15%.
Upcoming earnings are scheduled for August 3, 2026, with an EPS estimate of $6.48 and revenue expected to reach $8.8 billion. Analyst sentiment has shifted positively, with a consensus rating of Buy, supported by 6 Strong Buy, 8 Buy, and 13 Hold ratings as of December 1, 2025.
Such decisions reflect improved fundamentals and increased confidence in Cummins' strategic direction, although analyst ratings can change as new information becomes available. Investment decisions should consider various factors, including company fundamentals and industry trends, rather than relying solely on analyst opinions.