Cummins Stock Hits New 52-Week High (CMI)

NEW YORK ( TheStreet) -- Cummins (NYSE: CMI) hit a new 52-week high Thursday as it is currently trading at $124.73, above its previous 52-week high of $124.69 with 362,336 shares traded as of 10 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Cummins has a market cap of $20.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 41.2% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 13, above the average industrial industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cummins Ratings Report.

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