CMI

Cummins Inc

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Advanced Chart

369.520

+4.25(1.164%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

369.985

Open

367.340

VWAP

368.73

Vol

697.92K

Mkt Cap

50.88B

Low

362.820

Amount

257.35M

EV/EBITDA(TTM)

11.60

Total Shares

136.78M

57.26B

EV/OCF(TTM)

47.40

P/S(TTM)

1.51

Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

8.30B

-1.76%

5.007

+10.4%

8.28B

-2.05%

5.162

-11.91%

8.45B

-3.88%

5.244

-0.31%

Estimates Revision

The market is revising No Change the revenue expectations for Cummins Inc. (CMI) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 25.59%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+25.59%

In Past 3 Month

11 Analyst Rating

-8.75% Downside

Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 337.18 USD with a low forecast of 240.00 USD and a high forecast of 431.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

6 Hold

1 Sell

Moderate Buy

-8.75% Downside

Current: 369.520

Low

240.00

Averages

337.18

High

431.00

-8.75% Downside

Current: 369.520

Low

240.00

Averages

337.18

High

431.00

Barclays

Equal Weight

maintain

$381 -> $387

2025-07-21

Reason

Barclays

Price Target

$381 -> $387

2025-07-21

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Cummins to $387 from $381 and keeps an Equal Weight rating on the shares as part of a Q2 preview for the machinery and construction group. The firm sees a high bar for the sector after a quarter of share outperformance. Investors are skewed away from aggregates and agriculture and more positive on machinery and construction, the analyst tells investors in a research note.

Baird

Neutral -> NULL

upgrade

$315 -> $355

2025-07-11

Reason

Baird

Price Target

$315 -> $355

2025-07-11

upgrade

Neutral -> NULL

Reason

Baird raised the firm's price target on Cummins to $355 from $315 and keeps a Neutral rating on the shares. The firm is "leaning more optimistic" and less cautious on the vehicle technology and mobility sector into the Q2 reports. Auto suppliers should generally beat expectations in Q2 and Q3 visibility "seems reasonable overall," the analyst tells investors in a research note. Baird upped estimates and price targets to reflect firmer industry fundamentals.

Citi

Kyle Menges

Buy

maintain

$350 -> $360

2025-06-24

Reason

Citi

Kyle Menges

Price Target

$350 -> $360

2025-06-24

maintain

Buy

Reason

Citi analyst Kyle Menges raised the firm's price target on Cummins to $360 from $350 and keeps a Buy rating on the shares. The firm updated price targets and its machinery views to reflect the current environment.

Goldman Sachs

Neutral -> Buy

upgrade

$410 -> $431

2025-05-27

Reason

Goldman Sachs

Price Target

$410 -> $431

2025-05-27

upgrade

Neutral -> Buy

Reason

Citi

NULL -> Buy

maintain

$320 -> $350

2025-05-12

Reason

Citi

Price Target

$320 -> $350

2025-05-12

maintain

NULL -> Buy

Reason

Citi raised the firm's price target on Cummins to $350 from $320 and keeps a Buy rating on the shares. The firm updated the company's model post the Q1 report. The firm continues to anticipate Cummins' earnings to grow by a double-digit percent in 2026 and 2027, backed by anticipated recovery and margin expansion in core end-markets, along with continued strength within its Power Systems segment. It is constructive on the company's ability to minimize tariff impacts over the next 6-12 months.

Morgan Stanley

Angel Castillo

Buy

Maintains

$425 → $340

2025-04-16

Reason

Morgan Stanley

Angel Castillo

Price Target

$425 → $340

2025-04-16

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on Cummins to $308 from $375 and keeps a Neutral rating on the shares as part of a Q1 preview for the trucks and rail supplier group. To reflect JPMorgan economists raising the probability of contraction in real U.S. GDP in the second half of 2025, the firm reduced its 2025 North America truck builds forecast to down 20% year-over-year, or 265,000 units from 299,000. As a result, JPMorgan cut estimates and price targets across the board.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Cummins Inc (CMI.N) is 17.81, compared to its 5-year average forward P/E of 13.86. For a more detailed relative valuation and DCF analysis to assess Cummins Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

13.86

Current PE

17.81

Overvalued PE

15.90

Undervalued PE

11.81

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

8.95

Current EV/EBITDA

10.86

Overvalued EV/EBITDA

10.10

Undervalued EV/EBITDA

7.80

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

1.23

Current PS

1.52

Overvalued PS

1.43

Undervalued PS

1.03