A Look Ahead For 2 Stocks: Cummins Inc. (CMI), Aramark (ARMK)

Shares of Cummins Inc. (NYSE:CMI) opened at $137.77, and ended 1.51% higher at $137.19. Nearly 1.5 million shares were traded by the close, lower than its average daily volume of 1.52 million shares.

Cummins Inc. (CMI) Analyst Opinion

Cummins Inc. has a consensus hold rating from 25 Wall Street analysts, and the number of shares currently sold short amount to at least 2.19% of shares outstanding. The stock sank -4.52% last month and is down -22.33 this year. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover CMI having a buy-equivalent rating. Analysts have placed a $165 price target on Cummins Inc., suggesting a 20.27% gain from recent close. It’s currently trading about -29.35% below its 52-week high.

Cummins Inc. Earnings Surprise

Cummins Inc. (CMI) surprised the stock market in its last reported earnings when it earned $3.3 a piece versus the consensus-estimated $2.92. Its revenue totaled $5.17 billion down -5.56% from the previous quarter.

Cummins Inc. (NYSE:CMI) Intraday View

This stock (CMI) is ahead of its 52-week low with 5.61%. Its last month’s stock price volatility remained 1.76% which for the week stands at 1.81%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.33% and stays -3.95% away from its 50 days moving average. Over the last five days, shares have managed 3.74% gains and now is down -16.02% since hitting its 200-day moving average of $160.05. Cummins Inc. (CMI) has made its way to a 12-month decline of -16.89%.

Turning to Aramark (NYSE:ARMK), its shares were trading at $38.63 a gain of $0.16, on the trading floor. The stock, after opening at $38.66, touched a high of $38.73 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Aramark has 2 buy ratings, 4 holds and 0 sells even after the stock tumbled -16.19% from its high of $46.09 to a $9.49 billion market value through last close.

Aramark (ARMK) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.09 to 2.22 during a month. Analysts set a 12-month price target of $47.78 a share. The target implies a 23.69% spike from where the shares are currently trading. Also, the current price highlights a discount of 39.79% to analysts’ high consensus price target.

Aramark (NYSE:ARMK) Intraday Trading

The counter witnessed a trading volume of 1.23 million shares versus an average volume of 1.47 million shares during last trading session. Its last month’s stock price volatility remained 1.01% which for the week approaches 1.52%. The lowest price the stock reached in the last trading day was $38.41 and compares with the $36.28 52-week low. The stock recovered 6.46% since its low point and has performed -9.62% year-to-date.