Cummins stock price in early trading showed volatility
Cummins stock price in early trading showed volatility after updated global GDP growth estimates. A stronger-than-expected 2.7% forecast supports industrial demand cycles beneficial to Cummins’ engine exports. Melius said that in the midst of the prolonged downturn in the truck market, operational enhancements, capacity expansion in large engines for generator sets, and a price of about 18 times profits were all appealing. After 55 consecutive years of dividend payments returning about 2%, Cummins Inc. (NYSE:CMI) shares reached an all-time high of $408.71 a week later, reflecting a 41% one-year total return and ongoing shareholder commitment. Analysts anticipate that continued operational efficiency and AI-driven infrastructure growth will boost sales and profits. Cummins' dividend yield is 1.91%. It paid $8 per share in dividends during the last 12 months. Cummins stock price is tracking above its 50-day moving average, an indicator of sustained short-term momentum. Analysts from major brokerages have upgraded the stock to “Overweight” given its revenue diversification and aftermarket services expansion.
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