Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Cummins fell $1.30 (-1.2%) to $111.12 on average volume. Throughout the day, 2,616,359 shares of Cummins exchanged hands as compared to its average daily volume of 1,822,800 shares. The stock ranged in price between $110.84-$113.36 after having opened the day at $113.00 as compared to the previous trading day's close of $112.42. Other companies within the Industrial industry that declined today were:
), down 20.6%,
), down 12.2%,
), down 6.9% and
), down 5.8%.
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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 $21.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Cummins a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. 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, solid stock price performance, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Cummins Ratings Report.
On the positive front,
), down 13.7%,
), down 11.4%,
), down 10.1% and
), down 9.7%.
- Use our industrial section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
) while those bearish on the industrial industry could consider
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