Cummins Receives a Hold from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Michael Baudendistel reiterated a Hold rating on Cummins (NYSE: CMI) today and set a price target of $109. The company’s shares closed yesterday at $122.29.

According to, Baudendistel is a 3-star analyst with an average return of 2.2% and a 52.1% success rate. Baudendistel covers the Services sector, focusing on stocks such as L.B. Foster Company, Freightcar America, and Trinity Industries.

Cummins has an analyst consensus of Hold, with a price target consensus of $129.

The company has a one year high of $131.04 and a one year low of $79.88. Currently, Cummins has an average volume of 1.32M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Thaddeus Ewald, the VP – Corporate Strategy of CMI sold 820 shares for a total of $104,099.

Cummins, Inc. operates as a diesel engine manufacturing company. It engages in the designing, manufacturing, marketing, distribution and servicing of diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust after-treatment, fuel systems, controls, air handling and power generation systems. Cummins sells its products to original equipment manufacturers, distributors and other customers worldwide. The company operates in four segments: Engine, Power Generation, Components and Distribution. The Engine segment manufactures and markets a broad range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Components segment supplies products which complement its Engine segment, including filtration products, turbochargers, after-treatment systems, intake and exhaust systems and fuel systems for commercial diesel applications. The Components segment consists of four businesses: Emission Solutions, Turbo Technologies, Filtration and Fuel Systems. The Power Generation segment designs and manufactures most of the components that make up power generation systems, including engines, controls, alternators, transfer switches and switchgear. The Power Generation businesses segment consists of Commercial Products, Generator Technologies, Commercial Projects, Consumer and Power Electronics. The Distribution segment consists of many company-owned and joint venture distributors that serves and distributes its products and services to end-users. The Distribution segment consists of Parts and Filtration, Power Generation, Engines and Service. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.