Cummins Inc. Buyback
OLI recorded this information on 12/16/2016
Company:
Cummins Inc.
Buyback:
CMI buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
The Board of Directors of Cummins Inc. (NYSE:CMI) authorized the Company to repurchase up to $1 billion in shares of common stock upon completion of its 2015 $1 billion share repurchase program.
Cummins is a diesel engine manufacturer. Co.'s segments are: Engine, which manufactures and markets diesel and natural gas-powered engines; Distribution, which is Co.'s primary sales, service and support channel; Components, which supplies aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel and natural gas applications; Power Systems, which includes power generation, industrial, and generator technologies product lines; and New Power, which designs, manufactures, sells and supports hydrogen production solutions and electrified power systems ranging from fully electric to hybrid along with components and subsystems.
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Avg. Broker Rec.
 
|
Hold (2.38 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CMI Stock Forecast Based on Zacks ABR data; powered by Xignite |
