With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.2 million shares. The 52-week range on CMI shows that it touched its highest point at $297.11 and its lowest point at $203.18 during that stretch. It currently has a 1-year price target of $273.31. With its current market cap of 41.80 billion, CMI has annualized dividend of $6.61 while the current yield stands at 2.24%. Beta for the stock currently stands at 1.04.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMI was up-trending over the past week, with a rise of 2.63%, but this was up by 9.74% over a month. Three-month performance surged to 23.05% while six-month performance rose 28.66%. The stock gained 29.85% in the past year, while it has gained 23.01% so far this year. A look at the trailing 12-month EPS for CMI yields 5.11 with Next year EPS estimates of 20.97. For the next quarter, that number is 5.05. This implies an EPS growth rate of -6.66% for this year and 14.10% for next year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.10%.
Float and Shares Shorts:
At present, 141.80 million CMI shares are outstanding with a float of 139.45 million shares on hand for trading. On Feb 29, 2024, short shares totaled 5.84 million, which was 4.12% higher than short shares on Jan 31, 2024. In addition to CMG as the firm’s Chipotle Mexican Grill, Inc., KMI serves as its Kinder Morgan, Inc.
Institutional Ownership:
Through their ownership of 89.60% of CMI’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
