Cummins Gets Its Energy Back
When your customers are suffering, you suffer with them. Cummins (NYSE: CMI) has had to deal with that dynamic for a long time, as the companies in the energy, mining, trucking, and construction markets that are the primary purchasers of its engines have struggled under tough industry conditions. Lately, those industries have shown signs of a recovery, and that has raised hopes that Cummins would recover more sharply as well.
Coming into Tuesday's third-quarter financial report, Cummins investors were optimistic that the engine maker would be able to take advantage of improving prospects for its primary customers. Cummins' results reflected rising demand in several key areas, and the company seems more optimistic than ever that it can accelerate its growth from here. Let's take a closer look at Cummins and whether its future is as bright as it seems to be.
Image source: Cummins.
Source: Fool.com
Cummins Inc. Stock
Currently there is a rather positive sentiment for Cummins Inc. with 7 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 253 € is below the current price of 271.0 € for Cummins Inc., so the potential is actually -6.64%.
