Cummins Inc (CMI): Today's Featured Industrial Goods Loser
(
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 1.9%. By the end of trading, Cummins fell $2.06 (-2%) to $99 on average volume. Throughout the day, 1.9 million shares of Cummins exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $97.82-$99.88 after having opened the day at $99.33 as compared to the previous trading day's close of $101.06. Other company's within the Industrial Goods sector that declined today were:
(
), down 15.2%,
(
), down 12.6%,
(
), down 9.9%, and
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Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $19.02 billion and is part of the
industry. The company has a P/E ratio of 9.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.4% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Cummins a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Cummins as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Cummins Ratings Report.
On the positive front,
(
), up 9%,
(
), up 9%,
(
), up 6.6%, and
(
), up 5.2%, were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector winner.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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