4. As of noon trading, Cummins ( CMI) is up $3.23 (2.93) to $113.31 on average volume Thus far, 897,520 shares of Cummins exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $110.52-$114.04 after having opened the day at $110.54 as compared to the previous trading day's close of $110.08. Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $20.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cummins Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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