How to Buy Cummins Stock
Cummins Inc
Cummins is a specialty industrial machinery company located in Indiana, United States, which is part of the Industrials sector, and is traded under the ticker CMI on the NYSE exchange.
Cummins stock last closed at $274.21, down 2.7% from the previous day, and has decreased 5.58% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.06 percentage points. Cummins stock is currently +5.46% from its 52-week low of $260.02, and -29.31% from its 52-week high of $387.90.
There are currently 137.48M CMI shares outstanding. The market value of CMI is $37.70B. In the last 24 hours, 1.08M CMI shares were traded.
How to Buy Cummins Stock
Wondering how to invest in Cummins stock? Here's how.
- Decide where to buy Cummins stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Cummins stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- Research Cummins stock: The Cummins ticker symbol is CMI. Is Cummins stock a good investment? Should you buy shares of CMI? How do CMI's underlying business fundamentals look? Do top analysts think Cummins is a good buy? Why has CMI's stock price moved recently? (Hint: Our stock market research website can help you figure out if CMI is a good stock to buy).
- Place your CMI trade: Decide if you will purchase CMI shares at the current market price or use a limit order to purchase CMI stock at a particular price.
- Keep tabs on your investment in CMI: Create a watchlist to important notifications about your position in Cummins stock.
Step 1: Decide where to buy Cummins stock
You need an online brokerage account in order to access the NYSE market and buy CMI stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you can buy CMI stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new brokerage account.
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Step 3: Deposit funds into your brokerage account
Now that you've opened your account on investing apps, your next step is to transfer the money for your investment:
Watch the video below if you need help depositing money into your new investment account.
Step 4: Research Cummins stock
After you have identified the best place to buy Cummins stock, it's important to evaluate their stock before you buy, so you can wrap your head around the risk and opportunity.
Cummins shares quick numbers
Fundamentals of Cummins
WallStreetZen was created to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CMI's stock page.
Is CMI stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CMI's true value.
Using relative valuations methods:
- CMI may be undervalued based on its P/E ratio of 9.6x, relative to Specialty Industrial Machinery industry P/E ratio of 23.48x
- CMI may be undervalued based on its P/B ratio of 3.67x, relative to Specialty Industrial Machinery industry P/B ratio of 4.68x
You can access additional valuation research on CMI's stock here.
CMI Financials at a glance
Pros:
- CMI's operating cash flow of $1.49B allows it to safely service it's debt of $7.06B.
- CMI profit margin has gone up from 2.2% to 11.6% in the past year.
- CMI earnings of $5.15B is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the CMI balance sheet.
- There are more short-term assets than short-term liabilities on the CMI balance sheet.
Cons:
- Total CMI debt is higher than 5 years ago, relative to shareholder equity.
- CMI has a relatively high debt to equity ratio of 1.97.
Do analysts think it's a good time to buy CMI stock
Out of 11 Equities analysts who track CMI, the consensus analyst rating on Cummins is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent CMI Analyst Ratings
Steven Fisher, a top 14% analyst from UBS downgrades CMI to a strong sell rating and lowers their CMI price target from $400.00 to $240.00, on Apr 7, 2025.
David Raso, a top 21% analyst from Evercore ISI Group maintains CMI with a buy rating and raises their CMI price target from $408.00 to $451.00, on Feb 19, 2025.
Adam Seiden, a bottom 15% analyst from Barclays maintains CMI with a hold rating and raises their CMI price target from $310.00 to $381.00, on Feb 5, 2025.
Michael Feniger, a bottom 17% analyst from Bank of America upgrades CMI to a hold rating and raises their CMI price target from $354.00 to $358.00, on Jan 14, 2025.
Stephen Volkmann, a top 18% analyst from Jefferies maintains CMI with a strong buy rating and raises their CMI price target from $410.00 to $435.00, on Dec 6, 2024.
You can dig deeper into what analysts are forecasting on the Cummins stock forecast page.
CMI Trading Indicators
CMI Performance Metrics
Last year, CMI earnings were $3.95B. In the last five year, CMI's earnings have grown by 14.45% per year. This was faster than the Specialty Industrial Machinery industry average of 9.52%.
Last year, CMI revenue was $34.10B. In the past 5 year, CMI's revenue has increased by 7.67% per year. This was faster than the Specialty Industrial Machinery industry average of 2.19%.
Dig into CMI's earnings and revenue performance here.
Latest Insiders Trades at CMI
In the last 12 months, insiders at CMI have sold more shares than they have bought.
Sharon R. Barner, VP - Chief Administrative Off. of CMI, was the latest CMI insider to sell. They sold $958,740.72 worth of CMI shares on Mar 1, 2025.
Get more info about who owns CMI shares here.
Does CMI provide a stable income stream?
Cummins pays a dividend of 2.6%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.38%. If you owned $1,000 of CMI stock, you would have received $26.04 last year.
Cummins dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Cummins dividend yield and history here.
CMI Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your CMI trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more help investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in CMI
Now that you own some shares in CMI, you'll want to stay up-to-date on your shares.
Put CMI on a watchlist to track the latest developments regarding your CMI stock.
CMI Feed
How to Buy Stock in Cummins
To summarize, here are the 6 steps to buy stock in Cummins:
- Decide where to buy Cummins stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Cummins stock
- Place your CMI trade
- Keep tabs on your investment in CMI
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Cummins, create a watchlist on WallStreetZen today.
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