|Bid||170.98 x 1000|
|Ask||171.13 x 1200|
|Day's Range||167.48 - 171.20|
|52 Week Range||140.88 - 186.73|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||10.63|
|Earnings Date||Feb 03, 2020|
|Forward Dividend & Yield||5.24 (3.08%)|
|Ex-Dividend Date||Nov 11, 2019|
|1y Target Est||181.53|
Cummins (NYSE: CMI) is well known for its commercial engines, which remain a popular choice for many drivers. Zonar has now introduced an over-the-air update option for those with Cummins engines. The Zonar OTAir provides remote software updates for Cummins-powered vehicles through an easy-to-use app.
Cummins Westport Inc. ("CWI") is pleased to announce that it has received certifications from both the U.S. Environmental Protection Agency ("EPA") and Air Resources Board ("ARB") in California for its B6.7N natural gas engine. Like the Cummins Westport ISX12N and L9N engines, the B6.7N meets California ARB optional Low NOx standard of 0.02 g/bhp-hr, a 90% reduction from engines operating at the current EPA NOx limit of 0.2 g/bhp-hr. The B6.7N also meets 2021 EPA greenhouse gas emission ("GHG") requirements.
Westport (WPRT) continues to benefit from stricter emission regulations and is cashing in on this environment with a portfolio of offerings.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cummins, Inc. New York, December 23, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cummins, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Navistar International Corp. (NYSE: NAV) is regaining chunks of market share in medium- and heavy-duty trucks, winning back customers who walked away several years ago because they could not rely on the company's products. Navistar International Corp. has averaged a gain of a point of core market share a year since 2016. "The way we look at it in the investment community is the share has bounced back nicely from its low point," Stephen Volkmann, an analyst with Jefferies & Co., told FreightWaves.
Volkswagen has attracted bids from Europe's Innio, Japan's Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said. Innio, formerly known as Jenbacher and owned by buyout group Advent, as well as the two other bidders last week made bids for the VW unit, which could have a valuation of 1.5-2 billion euros ($1.7-$2.2 billion) in a potential sale, they said. The divestment is part of Volkswagen's efforts to slim down and simplify the group which has 12 brands, trucks, buses, motorbikes, cars and electric bicycles as part of its business.
On December 10, the Board of Directors of Cummins Inc. (NYSE: CMI) authorized the Company to repurchase up to $2 billion in shares of common stock upon completion of its 2018 $2 billion share repurchase program.
The power and fuel efficiency of truck engines continue to rise as their size and weight shrink. Engines over 10 liters are projected to account for more than 85% of the Class 8 production between 2020 and 2024, according to a market analysis by ACT Research and Rhein Associates.
How far off is Cummins Inc. (NYSE:CMI) from its intrinsic value? Using the most recent financial data, we'll take a...
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
A century ago in a former warehouse in Columbus, Indiana, Clessie Cummins and William Irwin proved diesel power far exceeded its floundering early 20th century reputation. With just four workers in 1919, Cummins launched what 100 years later would be a global behemoth of more than 62,000 employees engaged in electrification, hydrogen fuel cells, power generation, data centers and, of course, diesel. In those early days, Clessie used long-distance drives on diesel power as proof points of the oil-based fuel's dependability.
Engine maker Cummins Inc. (NYSE: CMI) will lay off 2,000 workers in the first quarter of 2020, the latest impact of a trucking sector recession that is claiming jobs up and down the supply chain. "As we communicated to our employees last week, demand has deteriorated even faster than expected, and we need to adjust to reduce costs," Cummins spokesman Jon Mills said. The job cuts at Columbus, Indiana-based Cummins follow voluntary buyouts and other cost-saving moves.
Engine manufacturer Cummins Inc. is shifting more production to plants in Mexico in preparation for updated requirements in the new United States, Mexico and Canada (USMCA) trade agreement. Cummins will move some of its operations from the U.S., China, India and Brazil to Mexico, including its filters division to a facility in Ciudad Juarez near El Paso, Texas. "We're moving lines of filtration production from the U.S. to Mexico and expanding the plant in Ciudad Juárez in order to meet demand for diesel fuel injection in the Americas," Cummins Latin America Vice President Ignacio García said in an interview with El Economista.