On Thursday analysts at UBS and Jefferies & Co. boosted the price target on diesel engines maker Cummins Inc. (CMI) after its better-than-expected fourth-quarter earnings report and attractive guidance.
The analysts at UBS see shares of CMI reaching $135, which suggests a 12% upside to Wednesday’s closing price of $120.38.
Jefferies analysts maintain a “Hold” rating and see shares reaching $110, a 9% downside to Wednesday’s closing price.
Cummins shares were down $1.22, or -1.01%, during morning trading on Thursday. Over the past year the stock is about flat.
The Bottom Line
Shares of Cummins (CMI) have a dividend yield of 1.67% based on Thursday’s intraday trading price of $119.45 and the company’s annualized dividend payout of $2.00 per share.
Cummins Inc. (CMI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.