Truist Securities has upgraded Cummins Inc (CMI) to a Buy rating from Hold, reflecting a more optimistic outlook on the company's future prospects. This change, effective November 23, 2025, comes as Cummins continues to navigate the machinery industry, where it designs, manufactures, and distributes diesel, natural gas, electric, and hybrid powertrains, along with a wide array of powertrain-related components.
As of the latest market data, Cummins shares are trading at $485.62. The company's strong performance is underscored by its recent earnings results, including a Q3 2025 EPS of $5.59, surpassing estimates by 15%. With a market capitalization of $65.3 billion, Cummins boasts a P/E ratio of 24.49 and a substantial dividend yield of 169.0%.
Analyst ratings and price targets provide valuable insights, but they are based on research and financial models that reflect certain assumptions. Investors are encouraged to consider a range of factors, including company fundamentals, competitive positioning, and industry trends, when making investment decisions. Analyst opinions can evolve, and differing views among analysts may arise as new information becomes available.
Upcoming earnings reports are set for May 4, 2026, with an estimated EPS of $5.64, and August 3, 2026, with an estimated EPS of $6.46. This update provides insight into the shifting analyst sentiment surrounding Cummins, which may indicate improved fundamentals or business performance.
Overall, the upgrade to Buy from Truist Securities highlights a growing confidence in Cummins' strategic direction and market positioning.