Market Update: Cummins Inc (NYSE:CMI) – Cummins announces first sites to achieve ‘Zero Disposal’

[GlobeNewswire] – COLUMBUS, Ind. — Cummins Inc. (NYSE: CMI) announced today that three of its plants in the United Kingdom and one in France are the first four sites to achieve “Zero Disposal” status, where 100 … Read more on this. Cummins Inc. (CMI) , valued at $15.24B, opened at $86.59. During the trading session, CMI traded between $85.61 to $86.78 with a one year range of $84.99 to $148.04. CMI shares are currently priced at 9.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.91x earnings multiple. And for passive income investors, the company pays shareholders $3.90 per share annually in dividends, yielding 4.43%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $2.14 per share, which would be $0.42 worse than the year-ago quarter and a $0.53 sequential decrease. The full-year EPS estimate is $9.05, which would be a $0.08 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.69 Billion. If realized, that would be a 7.86% decrease over the year-ago quarter. In terms of ratings, Robert W. Baird downgraded CMI from Outperform to Neutral (Oct 28, 2015). Previously, Morgan Stanley downgraded CMI from Equal-Weight to Underweight. When considering if perhaps the stock is under or overvalued, the average price target is $102.32, which is 18.17% above where the stock opened this morning. See more in (NYSE:CMI) Similar Articles: Company Update: Cummins Inc (NYSE:CMI) – Cummins Announces Actions to Respond to Slowdown in Global Markets and Reports Third Quarter 2015 Results Market Update: Cummins Inc (NYSE:CMI) – Cummins and Schneider Electric Create Corporate Responsibility Partnership to Improve Global Communities Market Update: Cummins Inc (NYSE:CMI) – Cummins Announces Second Quarter 2015 Results