Melius Research has upgraded Cummins Inc (CMI) from Hold to Buy, reflecting a more optimistic outlook on the company's prospects. This change, effective September 2, 2025, comes as Cummins, a leading manufacturer in the machinery industry, continues to demonstrate strong fundamentals and business performance.
Headquartered in Columbus, Indiana, Cummins designs, manufactures, and distributes a wide range of powertrains and related components, including diesel, natural gas, electric, and hybrid systems. The company employs approximately 69,600 full-time workers and operates across several segments, including Components, Engine, Distribution, Power Systems, and Accelera.
As of November 20, 2025, Cummins boasts a market capitalization of $65.3 billion, a trailing P/E ratio of 24.49, and an impressive dividend yield of 169.0%. The company's upcoming earnings reports are scheduled for August 3, 2026, with an estimated EPS of $6.48 and revenue of $8.7 billion, following a strong Q3 2025 performance where it beat estimates with an EPS of $5.59.
Analyst ratings serve as a professional assessment based on extensive research and financial modeling. While they can provide valuable insights, investors should consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst views are subject to change as new information becomes available, emphasizing the need for a comprehensive approach to investment strategy.