Is Cummins (CMI) Fairly Priced After Strong Multi Year Share Price Gains
- If you are wondering whether Cummins’ current share price lines up with its underlying value, this review will walk through what the numbers are saying and where the gaps might be.
- The stock last closed at US$576.23, with returns of 1.8% over 7 days, 11.0% over 30 days, 10.4% year to date, 67.8% over 1 year and 148.0% over 3 years, which may have changed how investors think about both upside and risk.
- Recent attention on Cummins has centered on its position in capital goods and the role its products play in transport and power solutions, as investors watch how the company responds to industry wide shifts in technology and regulation. These themes have framed the discussion around whether the current share price is mainly driven by…
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