Cummins (CMI) Receives a Buy from Barclays

In a report released today, Adam Seiden from Barclays maintained a Buy rating on Cummins, with a price target of $610.00.

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Seiden covers the Industrials sector, focusing on stocks such as Cummins, Caterpillar, and Lincoln Electric Holdings. According to TipRanks, Seiden has an average return of 11.2% and a 59.03% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cummins with a $619.90 average price target.

Based on Cummins’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.54 billion and a net profit of $593 million. In comparison, last year the company earned a revenue of $8.45 billion and had a net profit of $418 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMI in relation to earlier this year. Earlier this month, Amy Rochelle Davis, the VP & Pres. – Accelera and Com of CMI sold 4,054.00 shares for a total of $2,275,660.62.