Cummins Inc. (CMI) Trading at $147.21 Forms Bearish H&S Chart Pattern

May 16, 2018 - By Michele Cranor

Cummins Inc. (NYSE:CMI) Corporate Logo

Big Money Sentiment increased to 1.27 in 2017 Q4. It has change of 0.17, from 2017Q3’s 1.1. The ratio is positive due to Cummins Inc. positioning: 47 sold and 251 reduced. 108 funds bought stakes and 271 increased stakes. Investors holded 132.23 million in 2017Q3 but now own 131.82 million shares or 0.31% less.
Regions Fincl Corp reported 9,930 shs stake. Acropolis Invest Mgmt Ltd Liability Corporation invested in 0.18% or 6,707 shs. 41 were reported by Security National Commerce. Capstone Inv Limited Liability Company holds 2,100 shs. California-based Cetera Advisor Ntwk Ltd Liability has invested 0.04% in Cummins Inc. (NYSE:CMI). Acadian Asset Management Lc holds 21,198 shs. Dreman Value L L C has 2,136 shs for 0.21% of their capital. The New York-based Prelude Cap Mngmt Ltd Liability Corporation has invested 0.06% in Cummins Inc. (NYSE:CMI). Fuller & Thaler Asset Mngmt reported 1,700 shs stake. Amer International Grp Incorporated accumulated 86,488 shs. Rothschild Il holds 0.14% or 7,429 shs. Brown Advisory Secs accumulated 1,623 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt holds 0.25% of its capital in Cummins Inc. (NYSE:CMI) for 162,200 shs. Vanguard Group Inc Inc reported 0.09% of its capital in Cummins Inc. (NYSE:CMI). 926,489 are owned by Legal And General Grp Inc Public Ltd Company.

The H&S technical setup of Cummins Inc. (CMI) formed $141.32 [Target] or 4.00 % below today’s $147.21stock price. Cummins Inc. (CMI) has $24.18B market cap. Faxor.com posted the H&S technical setup on May, 16. $967.28 million less could be CMI valuation at $141.32 stock price.

The stock increased 0.53% or $0.77 during the last trading session, touching $147.21.Currently Cummins Inc. is uptrending after 6.07% change in last May 16, 2017. CMI has 690,813 shares volume. The stock underperformed the S&P 500 by 5.48%.

On August, 7 Cummins Inc. (NYSE:CMI)’s earnings release is awaited by WallStreet, according to Faxor. The earnings per share diference is $1.06 or 41.90 % up from last years number. Previous year: $2.53; Analysts forcast: $3.59. If CMI’s EPS is $3.59 the profit will hit $589.72M for 10.25 P/E. After $3.30 EPS report last quarter, Wall Street now forecasts 8.79 % EPS growth of Cummins Inc..

Cummins Inc. (NYSE:CMI) Ratings Coverage

A total of 18 analysts rate Cummins (NYSE:CMI) as follows: 2 “Buy”, 14 “Hold” and 2 “Sell”. Тherefore 11% are bullish. The firm has $215.0 highest and $159.0 lowest target. The avg target $176.93 is 20.19% above the last ($147.21) price. (NYSE:CMI) has 29 ratings reports on May 16, 2018 according to StockzIntelligence. On Wednesday, May 2 the firm has “Outperform” rating given by Credit Suisse. On Wednesday, May 2 Buckingham Research downgraded Cummins Inc. (NYSE:CMI) to “Neutral” rating. On Thursday, January 11 the stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given by RBC Capital Markets. On Monday, March 19 the firm earned “Hold” rating by Deutsche Bank. On Thursday, May 3 Bank of America downgraded Cummins Inc. (NYSE:CMI) to “Hold” rating. The company rating was upgraded by Bank of America on Friday, January 19. On Wednesday, May 2 the stock of Cummins Inc. (NYSE:CMI) earned “Outperform” rating by Oppenheimer. On Wednesday, December 6 the stock has “Buy” rating by Oppenheimer. On Monday, February 5 Stifel Nicolaus maintained the shares of CMI in report with “Hold” rating. On Thursday, April 5 the stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Piper Jaffray.

More recent Cummins Inc. (NYSE:CMI) news were posted by Benzinga.com, Seekingalpha.com and Seekingalpha.com. The first one has “Analyst: Cummins’ Earnings Visibility Clouded By Overhang, Peaking End Markets” as a title and was posted on May 02, 2018. The next is “Cummins: This Dividend Stock Is On Sale” on May 06, 2018. And last was posted on May 01, 2018, called “Cummins Inc. 2018 Q1 – Results – Earnings Call Slides”.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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