Cummins India (NSEI:CUMMINSIND) Price Target Increased by 31.14% to 2,344.67

The average one-year price target for Cummins India (NSEI:CUMMINSIND) has been revised to 2,344.67 / share. This is an increase of 31.14% from the prior estimate of 1,787.88 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 1,355.42 to a high of 3,190.95 / share. The average price target represents a decrease of 10.80% from the latest reported closing price of 2,628.55 / share.

What is the Fund Sentiment?

There are 2356 funds or institutions reporting positions in Cummins India. This is an increase of 158 owner(s) or 7.19% in the last quarter. Average portfolio weight of all funds dedicated to CUMMINSIND is 0.27%, a decrease of 9.95%. Total shares owned by institutions increased in the last three months by 2.26% to 134,620K shares.

What are Other Shareholders Doing?

IN:CUMMINSIND / Cummins India Limited Shares Held by Institutions

Price T Rowe Associates holds 7,344K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 7,098K shares, representing an increase of 3.35%. The firm decreased its portfolio allocation in CUMMINSIND by 0.52% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,414K shares representing 1.59% ownership of the company. In it's prior filing, the firm reported owning 4,409K shares, representing an increase of 0.11%. The firm decreased its portfolio allocation in CUMMINSIND by 3.17% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,404K shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 3,371K shares, representing an increase of 0.97%. The firm decreased its portfolio allocation in CUMMINSIND by 3.65% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,208K shares representing 1.16% ownership of the company. In it's prior filing, the firm reported owning 1,638K shares, representing an increase of 48.94%. The firm increased its portfolio allocation in CUMMINSIND by 93.19% over the last quarter.

Geode Capital Management holds 3,169K shares representing 1.14% ownership of the company. In it's prior filing, the firm reported owning 3,071K shares, representing an increase of 3.10%. The firm decreased its portfolio allocation in CUMMINSIND by 4.99% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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