Cummins Inc. (CMI) With $147.21 Price Forms Head & Shoulders Pattern

May 16, 2018 - By Samuel McNeil

Cummins Inc. (NYSE:CMI) Corporate Logo

Big Money Sentiment increased to 1.27 in Q4 2017. It has change of 0.17, from 2017Q3’s 1.1. The ratio improved due to Cummins Inc. positioning: 47 sold and 251 reduced. 108 funds took stakes and 271 increased stakes. Investors holded 132.23 million in 2017Q3 but now own 131.82 million shares or 0.31% less.
Pineno Levin & Ford Asset Inc reported 0.09% of its capital in Cummins Inc. (NYSE:CMI). Exxonmobil Invest Management Tx owns 24,806 shs. Cornerstone Advisors Incorporated invested in 6,000 shs or 0.12% of the stock. Stock Yards Commercial Bank And Tru has invested 0.02% in Cummins Inc. (NYSE:CMI). Stratos Wealth Partners Ltd has 5,723 shs for 0.05% of their capital. Cwm Lc holds 158 shs. Kessler Gru Ltd Liability Com invested in 18,785 shs or 4.16% of the stock. Cincinnati Casualty Communications has 46,000 shs for 6.89% of their capital. Legal General Gp Public Ltd Liability Company reported 926,489 shs stake. Silvercrest Asset Mngmt Grp Inc Ltd Liability Company has 8,727 shs for 0.01% of their capital. Eagleclaw Cap Managment Ltd Liability Corp invested in 0.11% or 1,200 shs. Hudock Capital Gru Ltd Com holds 530 shs. The New York-based Mutual Of America Capital Ltd has invested 0.05% in Cummins Inc. (NYSE:CMI). Com Of Vermont reported 0.03% in Cummins Inc. (NYSE:CMI). American National Insurance Com Tx has invested 0.34% in Cummins Inc. (NYSE:CMI).

The H&S technical setup of Cummins Inc. (CMI) formed $141.32 [Target] or 4.00 % below today’s $147.21stock price. Cummins Inc. (CMI) has $24.18B market cap. Faxor.com posted the H&S technical setup on May, 16. $967.28 million less could be CMI valuation at $141.32 stock price.

CMI is reaching $147.21 during the last trading session, after increased 0.53%.Currently Cummins Inc. is uptrending after 6.07% change in last May 16, 2017. CMI has 690,813 shares volume. CMI underperformed by 5.48% the S&P500.

On August, 7. Investors expect Cummins Inc. (NYSE:CMI) to reveal its quarterly earnings, according to Zacks. Last year’s EPS was $2.53, while now analysts expect change of 41.90 % up from current $3.59 EPS. The profit will be $589.72M for CMI if $3.59 EPS becomes true. After $3.30 EPS report last quarter, Wall Street now forecasts 8.79 % EPS growth of Cummins Inc..

Cummins Inc. (NYSE:CMI) Ratings Coverage

Total analysts of 18 have positions in Cummins (NYSE:CMI) as follows: 2 rated it a “Buy”, 2 with “Sell” and 14 with “Hold”. The positive are 11%. The firm has $215.0 highest while $159.0 is the lowest target. The average target $176.93 is 20.19% above the last ($147.21) price. Since December 1, 2017 according to StockzIntelligence Inc Cummins has 29 analyst reports. The stock rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 5. On Thursday, February 8 the stock has “Hold” rating by RBC Capital Markets. On Wednesday, May 2 the stock of Cummins Inc. (NYSE:CMI) has “Sell” rating given by UBS. On Wednesday, December 6 the rating was initiated by Oppenheimer with “Buy”. On Tuesday, April 10 the rating was maintained by JP Morgan with “Neutral”. On Monday, May 7 the company was maintained by Morgan Stanley. On Tuesday, April 17 the firm has “Hold” rating by BMO Capital Markets given. The stock rating was maintained by William Blair with “Hold” on Tuesday, February 13. On Wednesday, May 2 Buckingham Research downgraded the shares of CMI in report to “Neutral” rating. On Thursday, May 3 the firm has “Market Perform” rating by BMO Capital Markets given.

More recent Cummins Inc. (NYSE:CMI) news were posted by Benzinga.com, Seekingalpha.com and Seekingalpha.com. The first one has “Analyst: Cummins’ Earnings Visibility Clouded By Overhang, Peaking End Markets” as a title and was posted on May 02, 2018. The next is “Cummins: This Dividend Stock Is On Sale” on May 06, 2018. And last was posted on May 01, 2018, called “Cummins Inc. 2018 Q1 – Results – Earnings Call Slides”.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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