Truist Financial Issues Pessimistic Forecast for Cummins (NYSE:CMI) Stock Price

06 Nov 2026, 18:18 by Kim Johansen · The Markets Daily

Cummins (NYSE:CMI – Get Free Report) had its price objective cut by Truist Financial from $779.00 to $637.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s price objective indicates a potential upside of 40.74% from the company’s current price.

Other analysts also recently issued research reports about the stock. Bank of America decreased their target price on shares of Cummins from $731.00 to $600.00 in a research report on Thursday, September 24th. Evercore lowered their target price on Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. DA Davidson lifted their price objective on shares of Cummins from $605.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wells Fargo & Company decreased their price target on Cummins from $608.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Weiss Ratings cut shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cummins has a consensus rating of “Moderate Buy” and a consensus price target of $680.71.

View Our Latest Stock Report on CMI

Cummins Stock Performance

Shares of Cummins stock traded up $4.04 on Friday, hitting $452.62. The stock had a trading volume of 978,596 shares, compared to its average volume of 1,023,248. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $528.92 and its two-hundred day moving average is $600.18. Cummins has a twelve month low of $443.62 and a twelve month high of $737.76. The stock has a market cap of $62.31 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26.

Cummins (NYSE:CMI – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.20 by $0.05. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.89 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%. Cummins’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.59 EPS. Analysts forecast that Cummins will post 29.98 EPS for the current year.

Insider Transactions at Cummins

In related news, VP Earl Newsome sold 698 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $572.22, for a total transaction of $399,409.56. Following the completion of the sale, the vice president directly owned 4,479 shares in the company, valued at approximately $2,562,973.38. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMI. Cedar Mountain Advisors LLC boosted its stake in Cummins by 1,500.0% in the first quarter. Cedar Mountain Advisors LLC now owns 48 shares of the company’s stock valued at $26,000 after acquiring an additional 45 shares during the period. Persistent Asset Partners Ltd bought a new stake in shares of Cummins during the second quarter valued at about $26,000. Balance Wealth Partners LLC acquired a new stake in shares of Cummins in the 3rd quarter worth approximately $32,000. Elevation Wealth Partners LLC increased its position in shares of Cummins by 91.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 46 shares of the company’s stock valued at $33,000 after purchasing an additional 22 shares during the period. Finally, Latitude Advisors LLC bought a new stake in Cummins in the third quarter worth about $39,000. 83.46% of the stock is owned by hedge funds and other institutional investors.

Cummins News Roundup

Here are the key news stories impacting Cummins this week:

Positive Sentiment: Third-quarter profit more than doubled from a year earlier, while revenue grew 13.5%. Cummins also cited rising data-center power demand, recovering shipments and capacity expansion as growth supports. Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness
Positive Sentiment: Wells Fargo retained an “overweight” rating, although it cut its price target to $520 from $608. The revised target still implies upside from the recent share price. Wells Fargo rating and price target
Negative Sentiment: Cummins lowered its 2026 revenue outlook to $37 billion, below the roughly $37.7 billion analyst consensus, citing weakness in pickup-truck demand. Third-quarter revenue also fell short of expectations, tempering the strong year-over-year growth and profit performance. Cummins Q3 Profit More Than Doubles; Cuts FY26 Revenue Outlook

About Cummins

(Get Free Report)

Cummins Inc is a global power technology company founded in 1919 and headquartered in Columbus, Indiana. It designs, manufactures, distributes and services products used in commercial vehicles, industrial equipment, power generation and other applications.

The company’s offerings include diesel and natural gas engines, power generation systems, and components such as filtration, turbochargers and emissions-control systems. Through its Accelera business, Cummins also develops technologies including batteries, fuel cells and electrolyzers for lower-emission power and transportation.