Cummins Inc. (CMI) has recently announced a major
$580M project at their Rocky Mount Engine Plant. Despite this, their stock has fallen by 8.9% since their last earnings report. Regardless, CMI's stock has been upgraded to a 'Buy' by StockNews.com while Machina Capital S.A.S. has taken a position with the company. Though CMI failed to meet their Q1 earnings estimates, they displayed a strong industry presence and had pronounced earnings estimate revisions.
Robert W. Baird has cut CMI's target price to $295.00 despite the Q1 earnings miss. Victory Capital Management Inc has acquired 9089 shares of Cummins Inc. The company has also partnered with a Versatile Brand over hydrogen engines. CMI has surpassed their Q1 EPS estimates with strategic gains. However, CMI’s stock had a mixed Q1 of 2024 with earnings miss and sales beating estimates.
Cummins Inc. also has to pay a
$1.7B fine under the Clean Air Act. Furthermore, CMI had to grapple with regulatory charges impacting its Q4 results. Cummins recently finalized its separation from
Atmus Filtration Technologies Inc., but it faced a huge loss from its Q4 earnings due to an emissions-rigging fine.
Cummins CMI News Analytics from Fri, 27 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 14:00:11 GMT -
Rating 1
- Innovation -5
- Information 2
- Rumor -4
