Raymond James has upgraded Cummins Inc (CMI) to Outperform from Market Perform, signaling a more optimistic outlook for the company. This change reflects a potential improvement in Cummins' fundamentals and business performance, along with heightened confidence in its strategic direction.
As a leader in the machinery industry, Cummins designs, manufactures, and distributes a range of powertrains and components, including diesel, natural gas, electric, and hybrid systems. The company, headquartered in Columbus, Indiana, employs approximately 69,600 full-time staff and operates through segments such as Components, Engine, Distribution, Power Systems, and Accelera.
Currently, Cummins has a market capitalization of $69.5 billion, with a P/E ratio of 26.06 and an EPS of 19.27. The company also boasts a dividend yield of 160.8%. Upcoming earnings are scheduled for August 3, 2026, with an estimated EPS of $6.48 and revenue of $8.8 billion.
Analyst ratings serve as professional opinions derived from extensive research and financial models. While they can offer valuable insights, it is essential for investors to consider various factors, including company fundamentals and industry trends, before making decisions. Notably, analyst ratings are subject to change as new information comes to light, and differing opinions may exist among analysts regarding the same company.