Wells Fargo Reiterates Buy Rating on Cummins Inc.
Wells Fargo reaffirms its buy rating for Cummins Inc., targeting $874.
Key Points
- Wells Fargo reiterated its buy rating on Cummins Inc. with a price target of $874 on June 17, 2026.
- Cummins Inc. shares are trading near $699.97, with a market cap of approximately $96.6 billion and a forward P/E ratio of 20.65.
- Insider trades at Cummins Inc. include sales by several executives in May 2026, and analysts have maintained buy ratings with various target prices.
Wells Fargo reiterated its buy rating on Cummins Inc. (NYSE: CMI) on June 17, 2026. The firm set a price target of $874 for the stock, which is currently trading near $699.97. Analyst Jerry Revich maintained the positive outlook as part of a broader evaluation of the company.
Cummins Inc. Stock Snapshot
Shares of NYSE:CMI are trading close to $699.97. Cummins Inc. has a market capitalization of about $96.6 billion, with a P/E ratio of 36.36 and a forward P/E of 20.65. The stock's beta is 1.24, indicating moderate volatility compared to the market. Over the past year, the stock has ranged from a low of $307.9 to a high of $718.08. The 50-day moving average is $656.55, and the 200-day moving average is $539.76. The company maintains a current ratio of 1.71 and a quick ratio of 0.96, with a debt-to-equity ratio of 61.62.
Recent Earnings
In its most recent financial results, Cummins Inc. reported revenue of approximately $33.89 billion, marking a growth of 2.7%. The company achieved an earnings per share (EPS) of $19.25, with a net margin of 7.89% and a return on equity (ROE) of 21.99%. The next earnings report is expected on August 4, 2026.
Dividend
Cummins Inc. offers an annual dividend rate of $8.00, translating to a dividend yield of 1.14%. The dividend payout ratio stands at 40.62%, indicating the portion of earnings paid out as dividends.
Insider Buying and Selling at Cummins Inc.
Recent insider activity at Cummins Inc. includes several transactions in May 2026. Notably, Donald Jackson, VP of Treasury & Tax, sold 730 shares at an average price of $710.92 on May 14. Additionally, Brett Michael Merritt, V.P & President of the Engine Business, sold 218 shares on May 19. On May 12, both Matthew Tsien and Karen Quintos purchased 306 shares each.
Analysts Set New Price Targets
On June 17, 2026, Wells Fargo maintained its buy rating on Cummins Inc. with a price target of $874. Earlier in June, UBS upgraded the stock to a buy with a target of $850. Other analysts, including those from Argus Research and Raymond James, have also maintained buy ratings with targets of $770 and $745, respectively. The consensus recommendation is a buy, with an average target price of $740.12 based on 19 analyst opinions.
About Cummins Inc.
Cummins Inc., headquartered in Columbus, Indiana, is a key player in the industrial sector, specifically in specialty industrial machinery. The company operates through multiple segments, including Engine, Distribution, Components, Power Systems, and Accelera. It provides a range of products from diesel and natural gas engines to drivetrain systems and power solutions. Led by CEO Jennifer W. Rumsey, Cummins employs around 67,400 people.
Bottom Line
Wells Fargo's reiteration of a buy rating with a substantial price target reflects confidence in Cummins Inc.'s future growth prospects. Investors often track these ratings for insights into potential stock performance. It's important to remember that these analyst ratings are based on data available at the time and may not reflect the most current market conditions.
See Also
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