(VIANEWS) – The NYSE ended the session with Cummins (CMI) jumping 5.58% to $221.29 on Tuesday while NYSE jumped 3.35% to $14,319.49.
Cummins’s last close was $209.59, 15.31% below its 52-week high of $247.48.
Cummins Inc. manufactures, distributes and services natural gas and diesel engines as well as electric powertrains and other related components around the world. The company operates in five main segments: Engine Distribution, Components and Power Systems. Cummins, along with other brands, offer diesel- and natural-gas-powered engines for heavy- and medium-duty trucks, buses, recreational vehicles, light-duty automobiles, construction, mining and marine. They also provide new parts, services and remanufactured engines. The company also offers power generation systems and high-horsepower engine, medium and heavy duty engines. It also offers application engineering services and custom-designed assemblies. They can also sell and wholesale aftermarket parts and offer in-shop or field repair services. The company also offers emission solutions, including turbochargers, air and fuel filters and fuel water separators. Lube and hydraulic filters, coolants and fuel additives are some of the other services it provides. Electronic control modules, sensors and supporting software is available as well. It also offers automated transmissions. This includes standby power generators and prime power generators. Controls, paralleling and transfer systems are available. The Stamford brand brands include A/C generator/alternator product lines. Additionally, the company sells electrified power systems that contain components and subsystems. These systems can be used to produce hydrogen, battery and fuel cells. It also offers aftertreatment, controls, air handling, automated transmissions and electric power generation system batteries. It sells products to original equipment producers, distributors and dealers as well as other customers. The original name of the company was Cummins Engine Company. In 2001, Cummins Inc. became Cummins Inc. Cummins Inc. was established in 1919. It is located in Columbus, Indiana.
Earnings Per Share
As for profitability, Cummins has a trailing twelve months EPS of $12.01.
Cummins has a trailing twelve months price to earnings ratio of 18.43. Meaning,
the purchaser of the share is investing $18.43 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 21.49%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Cummins’s stock is considered to be overbought (>=80).
Cummins’s sales growth for the next quarter is 12.6%.
Cummins’s value is higher than its 50-day moving average of $216.57 and above its 200-day moving average of $210.00.
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