Insider buying last 90 days
No open-market insider purchases were filed for CMI in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every CMI insider filing, plotted on the chart in Gekko.Open CMI in Gekko
NYSE: CMI
Cummins (CMI) Stock Analysis & Forecast
$532.23+8.35 (+1.6%)
Close on Sep 18, 2026. Page updated Sep 19, 9:18 pm ET.
Gekko Brief
AI summaryCummins closes at $532.23, up 1.6%, with price sitting below both its 50-day average of $608.16 and its 200-day average of $602.75. The GekkoIndex reads 68.1, placing the stock in the Accumulation zone. Gekko Fair Value stands at $540.46, putting price about 1.5% below that level. Over the past month the stock is down 12.5%, and over three months down 25.8%, though it remains up 29.3% over the past year.
This week's coverage centers on data-center power demand and truck market recovery. Cummins executives described strong North American trucking demand rebounding on improved fleet profitability and regulatory clarity on 2027 emissions, alongside data-center power orders stretching to 2028. Separate commentary referenced an order book extending through 2028, capacity expansion targeting 55 GW by 2030, and data center revenue described as growing from $5 billion in 2026 to $9 billion by 2030. The stock fell 2.81% to $541.10 on 15 September following a fireside chat at Morgan Stanley's Laguna Conference. Cummins also debuted its X15N heavy-duty natural gas engine in Europe at IAA Transportation in Hannover. Separately, Nykredit A/S disclosed a $40.39 million stake increase, and institutional ownership was cited at 83.46%.
Looking ahead, the next earnings date falls on 5 November, 46 days out and beyond a typical 20-trading-day window. Seasonality for this point in the calendar has averaged a 3% gain over the next 20 trading days across 5 years, rising in 3 of them. Analyst coverage shows 9 buy and 2 hold ratings among 11 firms, with a consensus target of $757.02.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $532.23200-day averageGekko Fair Value $540.46
Key stats
- Market cap
- $73.44B
- P/E ratio
- 27
- Forward P/E
- 15.5
- EPS, TTM
- $19.44
- Revenue, TTM
- $34.71B
- Profit margin
- 7.8%
- Dividend yield
- 1.52%
- Beta
- 1.23
- Volume
- 1.63M avg 1.10M
- 1-year return
- +29.3%
- Typical daily move
- ±2.9%
- Typical 20-day move
- ±5.5%
- 50-day average
- $608.16
- 200-day average
- $602.75
- Next earnings
- Nov 5
- Shares outstanding
- 137.7M
Cummins swing-trade checklist
Cummins scores 3 supportive, 2 mixed and 0 headwinds across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive2 mixed0 headwinds
- Trendmixed
Averages disagree
Close $532.23 sits between the 50-day ($608.16) and 200-day ($602.75) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
68.1, Accumulation
Reading 68.1 is in the Accumulation zone.
See the GekkoIndex - Fair valuemixed
1.5% below
Price is within 5% of Gekko Fair Value (1.5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 46 days
Next report Nov 5, 2026, 46 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+3.0% on average
From this point in the calendar, the next 20 trading days averaged +3% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Cummins stock chart and price history
Cummins closed at $532.23 on Sep 18, 2026, +29.3% over the past year, inside a 52-week range of $400.72 to $737.76.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −12.5%
- 3 months
- −25.8%
- 6 months
- −1.5%
- 1 year
- +29.3%
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About Cummins
Cummins designs, builds, distributes and services engines that run on diesel and natural gas, along with electric and hybrid powertrains and related parts. These engines go into trucks, buses, RVs, construction and mining machinery, boats, trains, farm equipment, oil and gas operations and defense applications. The company is also known for power generation equipment, including standby and primary generators built with alternator brands such as Stamford and AVK.
The business is organized into five segments covering engines, distribution, components, power systems and newer power technologies. Beyond manufacturing, Cummins supplies new and remanufactured parts, repair and maintenance work, filtration and emission control products, turbochargers, fuel systems, automated transmissions, and electronic controls and sensors. It is also working in battery technology, fuel cells and hydrogen production. Its customers include original equipment manufacturers as well as a wide network of distributors and dealers worldwide.
Cummins traces back to 1919 as the Cummins Engine Company and took its present name in 2001. It is headquartered in Columbus, Indiana, and its shares are listed on the NYSE under the ticker CMI.
- Listed
- NYSE
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Website
- cummins.com
Cummins GekkoIndex: the smart money zone
Cummins’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 68.1, in the Accumulation zone, up 3.5 points over five sessions.
68.1Accumulation
Up 3.5 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 14 | +1.5% | −0.5% | ||
| Accumulation (current zone) | 151 | +0.1% | +2.4% | ||
| Neutral | 442 | +0.9% | +3.1% | ||
| Distribution | 54 | +0.8% | +5.3% | ||
| Selling | 1 | Too few readings yet | |||
Average CMI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the CMI price, zone by zone.Track CMI in Gekko
Is Cummins stock overvalued? Gekko Fair Value
Cummins trades 1.5% below Gekko Fair Value of $540.46, so the shares are about fair value on Gekko’s estimate.
Gekko’s own estimate of what Cummins shares are worth, recalculated every trading day.
$540.46
Gekko Fair Value, Sep 19, 2026
1.5% below fair value · About fair value
Gekko Fair Value on every chart, with the gap to price updating daily.Open CMI in Gekko
Cummins insider and Congress trading
No open-market insider purchases were filed for Cummins, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in CMI were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for CMI, plotted on the chart in Gekko.Open CMI in Gekko
Buybacks
Cummins has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $225.0M
- As a share of market cap
- 0.31%
From company filings.
Cummins earnings: next date and track record
Cummins reports on Nov 5, 2026 (46 days away), and beat the EPS estimate in 4 of its last 8 reports.
Next earnings report
Nov 5, 2026
46 days away
- EPS estimate
- $8.20
- Revenue estimate
- $9.82B
4 of 8reports beat the EPS estimate
±5.4%average move across the report
6 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 4, 2026 AI summary
- What they said
- Cummins reported strong second quarter 2026 results, including record quarterly sales of $9.5 billion (up 9% year-over-year) and EBITDA of $1.7 billion. Management highlighted major commercial wins and strategic initiatives: raised 2030 financial targets at Analyst Day, expanded data center and power generation presence with a multiyear hyperscaler agreement and a project with Circe Energy, and announced capacity expansions and development of a 130-liter natural gas genset. The Board approved a 10% increase in the quarterly cash dividend. Management raised the full-year forecast and expects stronger second-half performance, driven by robust demand in power generation (notably in China and for data centers), improving parts demand, and continued growth in North America. They discussed the EPA 2027 proposed rule and a phased/staggered transition that management believes will smooth the new-platform ramp and reduce abrupt demand shifts. Margin drivers include higher volumes, JV earnings, positive pricing, and continued pricing for new product value, offset partially by tariffs, incentive compensation, and elevated warranty/R&D during new-product launches. Management acknowledged capacity constraints in large gensets and some near-term distortions from incentive compensation that will normalize in H2. They expect warranty accruals to tick up with new platform launches but to normalize over time. The tone was confident and constructive, with candid discussion of risks and operational challenges.
- Guidance
- Raised full-year forecast (compared to prior three-month outlook). Management expects stronger EBITDA percent in H2 (Q3 and Q4) and margin expansion versus H1. Board increased quarterly cash dividend by 10%. Power Systems growth target range increased (discussed as 15%-25% upside expectation historically referenced). Incentive compensation will likely reset next year (Mark indicated next-year incentive comp could be in the order of ~$200 million) and Q3/Q4 incentive expense expected to be about $25M/quarter lower than Q2. Management declined to give specific 2027 numeric guidance but characterized 2027 demand as likely moderated vs. 2026 but smoother due to phased implementation of EPA rule.
- Risks flagged
- Regulatory uncertainty related to EPA 2027 rulemaking and details of nonconforming penalties/credit mechanics; capacity constraints in large gensets (could limit near-term revenue capture); elevated warranty accruals and R&D/product coverage costs during platform transitions; supply chain and ramp risks as production scales; potential margin pressure if pricing or credit dynamics change; tariffs (noted as immaterial to Q2 but a factor); possible customer prebuy dynamics adding volatility.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 4, 2026 | $6.94 est $7.33 | $9.46B est $9.33B | +0.2% |
| May 5, 2026 | $4.71 est $5.55 | $8.40B est $8.37B | +9.0% |
| Feb 5, 2026 | $4.27 est $5.02 | $8.54B est $8.11B | −4.6% |
| Nov 6, 2025 | $5.03 est $4.84 | $8.32B est $7.99B | +7.8% |
| Aug 5, 2025 | $6.43 est $5.23 | $8.64B est $8.43B | +5.6% |
| May 5, 2025 | $5.96 est $4.91 | $8.17B est $8.18B | −0.5% |
| Feb 4, 2025 | $4.54 est $4.69 | $8.45B est $8.07B | +6.2% |
| Nov 5, 2024 | $5.86 est $4.81 | $8.46B est $8.29B | +9.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Cummins stock forecast and analyst price targets
Analysts’ average 12-month price target for Cummins is $757.02, +42.2% from the last close, from 11 firms rating the stock in the last 90 days.
$757.02consensus 12-month target, +42.2% from the last close
Now $532.23Avg $757.02
Low $675High $894
Each firm’s latest rating in the last 90 days: 11 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 3 | Bernstein | $700 | +31.5% |
| Aug 31 | Bernstein | $700 | +31.5% |
| Aug 24 | Jefferies | $675 | +26.8% |
| Aug 24 | CICC | $781 | +46.7% |
| Aug 20 | Jefferies | $775 | +45.6% |
+2.4%average 20-day move after past Accumulation readings
+3.0%average move over the next 20 trading days in the last 5 years
±2.9%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Cummins seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Cummins averaged +3.0% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | 0.0% | 2 of 5 |
| Next 10 trading days | +1.2% | 3 of 5 |
| Next 15 trading days | +2.6% | 3 of 5 |
| Next 20 trading days | +3.0% | 3 of 5 |
| Next 30 trading days | +6.1% | 4 of 5 |
For scale, CMI’s typical 20-trading-day move in either direction is about 5.5%.
Cummins market cap and key statistics
Cummins’s market cap is $73.44B, with a P/E ratio of 27 and revenue of $34.71B over the last twelve months.
Valuation
- Market cap
- $73.44B
- P/E ratio
- 27
- Forward P/E
- 15.5
- EPS, TTM
- $19.44
- Gekko Fair Value
- $540.46
Trading
- Volume
- 1.63M
- Avg volume, 20 days
- 1.10M
- 52-week high
- $737.76
- 52-week low
- $400.72
- Shares outstanding
- 137.7M
Financials
- Revenue, TTM
- $34.71B
- Profit margin
- 7.8%
- Return on equity
- 21.1%
- Quarterly earnings growth, YoY
- +4.7%
Risk and income
- Beta
- 1.23
- Typical daily move
- ±2.9%
- Typical 20-day move
- ±5.5%
- Dividend yield
- 1.52%
Cummins stock news this week
Coverage of Cummins this week reads positive: 7 positive, 5 neutral and 2 negative headlines.
- Nykredit A S Invests $40.39 Million in Cummins Inc. $CMIMarketBeat, Sep 19
- Generac Surges 16% on $2.4B Amazon Data Center Generator Deal; Caterpillar Ticks Up, Cummins Sits Out the Rally24/7 Wall St., Sep 17
- Cummins Sees Truck Demand Rebound, Data-Center Power Orders Stretching to 2028Yahoo Finance, Sep 17
- Here's Why Cummins (CMI) is a Strong Value StockZacks Investment Research, Sep 17
- Cummins: Data Center Demand And Truck Recovery Support A Multi-Year Growth OutlookSeeking Alpha, Sep 16
- Cummins Inc. (CMI) Presents at Morgan Stanley's 14th Annual Laguna Conference TranscriptSeeking Alpha, Sep 16
Cummins peers
Cummins’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| ITWIllinois Tool Works | Accumulation | 6.9% above |
| ITTITT | Neutral | 9.6% above |
| MGAMagna International | Accumulation | 11.5% above |
| DCIDonaldson | Buying | 4.0% above |
| ALSNAllison Transmission | Accumulation | 3.6% above |
| ALVAutoliv | Accumulation | 9.3% below |
A peer links to its own page where one exists.
Cummins stock FAQ
What is Cummins’s market cap?
Cummins’s market cap is $73.44B at the Sep 18, 2026 close of $532.23, with 137.7M shares outstanding. The shares trade on a P/E ratio of 27.
What is the Cummins stock forecast?
The consensus analyst 12-month price target for Cummins is $757.02, +42.2% from the last close. Of the 11 firms that rated the stock in the last 90 days, 9 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Cummins stock overvalued or undervalued?
On Gekko’s estimate Cummins is about fair value: the Sep 18, 2026 close of $532.23 is 1.5% below Gekko Fair Value of $540.46. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Cummins report earnings next?
Cummins is expected to report on Nov 5, 2026 (46 days away). Analysts expect earnings of $8.20 per share on revenue of $9.82B. Cummins beat the earnings estimate in 4 of its last 8 reports, moving 5.4% on average across the report.
What is Cummins’s 52-week high and low?
Cummins’s 52-week high is $737.76 and its 52-week low is $400.72; it closed at $532.23 on Sep 18, 2026, +29.3% over the past year.
Is Cummins stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, earnings risk and seasonality), 2 as mixed (trend and fair value). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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