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Analysts Offer Insights on Industrial Goods Companies: Cummins (CMI) and Stantec (STN)

Tipranks - Tipranks - Sat Aug 15, 7:36AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Cummins (CMI) and Stantec (STN) with bullish sentiments.

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Cummins (CMI)

Argus Research analyst Bill Selesky maintained a Buy rating on Cummins yesterday and set a price target of $770.00. The company’s shares closed last Thursday at $631.61.

According to TipRanks.com, Selesky is a 4-star analyst with an average return of 7.7% and a 59.8% success rate. Selesky covers the NA sector, focusing on stocks such as National Fuel Gas Company, HF Sinclair Corporation, and Helmerich & Payne. ;'>

Cummins has an analyst consensus of Moderate Buy, with a price target consensus of $777.27, implying a 21.4% upside from current levels. In a report issued on August 4, Citi also maintained a Buy rating on the stock with a $790.00 price target.

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Stantec (STN)

RBC Capital analyst Sabahat Khan reiterated a Buy rating on Stantec today and set a price target of C$146.00. The company’s shares closed last Thursday at $74.01, close to its 52-week low of $73.18.

According to TipRanks.com, Khan is a 4-star analyst with an average return of 6.9% and a 53.1% success rate. Khan covers the Industrial Goods sector, focusing on stocks such as Republic Services, Waste Connections, and GFL Environmental. ;'>

Stantec has an analyst consensus of Strong Buy, with a price target consensus of $97.33, which is a 32.7% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a C$140.00 price target.

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