NEW YORK (TheStreet) --aCredit Suisse raised its price target for Cummins to $161 from $156 Wednesday, reiterating its "outperform" rating. The analyst firm also raised its EPS estimates for the industrial goods company through 2016. Credit Suisse analysts expect Cummins to report earnings of $9.10 a share for 2014, up from previous estimates of $8.95 a share. The firm raised its EPS estimates to $11.10 for 2015 and $12.65 for 2016, up from $10.75 and $12.40 a share, respectively. "CMI's stock jumped 7% after a sizable Q3 beat both on the top line and margin (more important) and raising FY numbers similar to consensus," Credit Suisse analysts wrote. "The story was more of the same: CMI continues to benefit from the recovery in NA Truck along with secular tailwinds in Engine/ Components in NA, China, and Europe to a lesser degree." Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates CUMMINS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate CUMMINS INC (CMI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: CMI Ratings Report CMI data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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