Cummins Inc. (CMI) Reaches $184.18 High on Jan, 15; Friess Associates Has Cut Prestige Brands Holdings (PBH) Position

January 15, 2018 - By Clifton Ray

The stock of Cummins Inc. (NYSE:CMI) reached all time high today, Jan, 15 and still has $197.07 target or 7.00% above today’s $184.18 share price. This indicates more upside for the $30.57B company. This technical setup was reported by Barchart.com. If the $197.07 PT is reached, the company will be worth $2.14B more. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47M shares traded or 7.61% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 15, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Friess Associates Llc decreased Prestige Brands Holdings Inc. (PBH) stake by 68.46% reported in 2017Q3 SEC filing. Friess Associates Llc sold 198,532 shares as Prestige Brands Holdings Inc. (PBH)’s stock declined 12.04%. The Friess Associates Llc holds 91,468 shares with $4.58 million value, down from 290,000 last quarter. Prestige Brands Holdings Inc. now has $2.38 billion valuation. The stock decreased 0.24% or $0.11 during the last trading session, reaching $44.84. About 280,060 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since January 15, 2017 and is downtrending. It has underperformed by 25.27% the S&P500.

Analysts await Prestige Brands Holdings, Inc. (NYSE:PBH) to report earnings on February, 1. They expect $0.69 earnings per share, up 13.11% or $0.08 from last year’s $0.61 per share. PBH’s profit will be $36.59 million for 16.25 P/E if the $0.69 EPS becomes a reality. After $0.61 actual earnings per share reported by Prestige Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts 13.11% EPS growth.

Friess Associates Llc increased Penumbra Inc. stake by 14,862 shares to 79,310 valued at $7.16 million in 2017Q3. It also upped Salesforce.Com Inc. (NYSE:CRM) stake by 8,460 shares and now owns 188,460 shares. T (NYSE:TMUS) was raised too.

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Prestige Brands Holdings had 20 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by B. Riley & Co on Tuesday, December 27. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Tuesday, September 19. Jefferies has “Hold” rating and $54.0 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, September 4. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) on Wednesday, August 12 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Monday, August 14. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, October 16 report. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, November 15. The rating was upgraded by Raymond James to “Outperform” on Monday, May 22. The firm has “Hold” rating by Jefferies given on Thursday, November 2. The firm has “Outperform” rating by William Blair given on Monday, December 4.

Investors sentiment increased to 1.64 in Q3 2017. Its up 0.34, from 1.3 in 2017Q2. It increased, as 19 investors sold PBH shares while 57 reduced holdings. 32 funds opened positions while 93 raised stakes. 56.08 million shares or 5.89% more from 52.96 million shares in 2017Q2 were reported. Morgan Stanley, a New York-based fund reported 321,246 shares. Sterling Cap Mngmt Ltd Llc invested 0.01% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). State Of Wisconsin Investment Board holds 0.01% or 39,000 shares in its portfolio. Advantus Capital Mgmt Inc holds 0.01% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 6,677 shares. Aperio Ltd Liability Com accumulated 0.01% or 28,016 shares. Gotham Asset Management Ltd Llc stated it has 105,043 shares. 477,303 were reported by Geode Capital Ltd Co. Dimensional Fund Advsr Lp reported 0.04% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). Fisher Asset Mngmt Limited Liability stated it has 1.48M shares. Evercore Wealth Mngmt Lc holds 550 shares. Tiverton Asset Mngmt Limited Com reported 26,402 shares. Macquarie Group Inc Limited has 0.06% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 628,579 shares. Us Financial Bank De owns 1,760 shares for 0% of their portfolio. Stoneridge Inv Prns Limited Company reported 17,207 shares stake. Great West Life Assurance Com Can holds 0% or 30,449 shares.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold Cummins Inc. shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Silvercrest Asset Group Ltd Com reported 8,127 shares. Adage Cap Grp Limited Co invested in 0.05% or 114,813 shares. Rampart Mgmt Co Lc invested 0.11% of its portfolio in Cummins Inc. (NYSE:CMI). Hbk Sorce Advisory Lc owns 2,317 shares. Bluecrest Cap Mngmt reported 0.01% stake. Blb&B Advsr Llc has 0.12% invested in Cummins Inc. (NYSE:CMI) for 4,613 shares. Manitoba – Canada-based Great West Life Assurance Com Can has invested 0.07% in Cummins Inc. (NYSE:CMI). Tradewinds Cap Mngmt has invested 0% in Cummins Inc. (NYSE:CMI). Parkside State Bank And holds 0.01% of its portfolio in Cummins Inc. (NYSE:CMI) for 115 shares. Moreover, Commonwealth Of Pennsylvania Public School Empls Retrmt has 0.03% invested in Cummins Inc. (NYSE:CMI). Trexquant Inv Ltd Partnership accumulated 3,619 shares. Cincinnati Casualty owns 46,000 shares or 6.64% of their US portfolio. Novare Capital Mngmt Ltd Llc reported 0.48% of its portfolio in Cummins Inc. (NYSE:CMI). Marvin And Palmer Assocs holds 4.38% of its portfolio in Cummins Inc. (NYSE:CMI) for 21,230 shares. State Of Wisconsin Board holds 0.07% or 143,147 shares.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 EPS, up 15.56% or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52M for 17.71 P/E if the $2.60 EPS becomes a reality. After $2.71 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Friday, October 20. The firm earned “Hold” rating on Monday, June 5 by RBC Capital Markets. The firm has “Sell” rating given on Wednesday, October 12 by Deutsche Bank. The stock of Cummins Inc. (NYSE:CMI) has “Market Perform” rating given on Friday, September 25 by William Blair. The firm has “Underperform” rating given on Thursday, April 21 by Robert W. Baird. The rating was maintained by Piper Jaffray on Tuesday, October 31 with “Hold”. As per Tuesday, August 4, the company rating was downgraded by Evercore. UBS downgraded the stock to “Neutral” rating in Tuesday, October 20 report. Oppenheimer initiated the stock with “Buy” rating in Wednesday, December 6 report. Evercore upgraded the stock to “Buy” rating in Monday, November 7 report.

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