Bright Future Rebound Stock #3: Cummins (CMI)By Chloe Lutts Jensen, Chief Analyst, Cabot Dividend Investor
From Cabot Wealth Advisory 2/29/16 Sign up for Cabot Wealth Advisory—it’s free!
Cummins is an engine maker that yields almost 4% and has raised its dividend every year since 2010. After over a year of declining sales, net income rebounded strongly in the latest quarter, and analysts expect Cummins to report 0.6% EPS growth in 2016 and 3.8% growth in 2017. The stock looks to have put in a decent bottom in January, after falling 31% over the past year, but still trades at a very reasonable 12 times forward earnings.
I’ll publish the names of three more of my favorite buy low opportunities tomorrow, so keep an eye out for my message.
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500 Jackson Street
Columbus, Indiana 47202
|Index Membership: N/A
Sector: Industrial Goods
Industry: Diversified Machinery
Full Time Employees: 55,200