Cummins
CMI
Real-time BATS EXCHANGE - 07/17 06:52:34 pm
135.555USD
+0.66%

Technically solid

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Anas Lozach
Analyst

Strategy published on : 01/09/2018 | 14:34

long trade
Target price hit

Entry price : 182.48$
Target : 194$
Stop-loss : 176.3$
Potential : 6.31%

Cummins Inc. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the $ 194.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 159.41 USD

Zonebourse.com 2018
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