Bernstein Keeps Their Hold Rating on Cummins (CMI)

Bernstein analyst Chad Dillard maintained a Hold rating on Cummins yesterday and set a price target of $600.00. The company’s shares closed yesterday at $601.46.

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According to TipRanks, Dillard is a 4-star analyst with an average return of 10.1% and a 64.33% success rate. Dillard covers the Industrials sector, focusing on stocks such as Cummins, Caterpillar, and Paccar.

In addition to Bernstein, Cummins also received a Hold from J.P. Morgan’s Tami Zakaria in a report issued on April 10. However, on April 13, Citi maintained a Buy rating on Cummins (NYSE: CMI).

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 56 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. Last 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.