Davenport & Company Has Lowered Cmi (CMI) Stake By $21.90 Million; 6 Analysts Are Bullish Burford Capital Limited (LON:BUR) Last Week

May 27, 2018 - By olga

Cummins Inc. (NYSE:CMI) Logo

Among 7 analysts covering Burford Capital Ltd (LON:BUR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Burford Capital Ltd had 47 analyst reports since January 4, 2016 according to SRatingsIntel. On Wednesday, December 14 the stock rating was upgraded by Numis Securities to “Buy”. On Wednesday, March 15 the stock rating was maintained by Beaufort Securities with “Buy”. The firm has “Add” rating given on Monday, July 3 by Numis Securities. The firm earned “Buy” rating on Tuesday, May 8 by Jefferies. As per Tuesday, March 14, the company rating was maintained by Numis Securities. Macquarie Research maintained the shares of BUR in report on Wednesday, June 14 with “Outperform” rating. Macquarie Research maintained the shares of BUR in report on Tuesday, May 24 with “Outperform” rating. The stock of Burford Capital Limited (LON:BUR) has “Buy” rating given on Friday, December 15 by Liberum Capital. Macquarie Research maintained it with “Outperform” rating and GBX 1322 target in Tuesday, August 22 report. The company was maintained on Friday, March 9 by Liberum Capital. See Burford Capital Limited (LON:BUR) latest ratings:

08/05/2018 Broker: Jefferies Rating: Buy Old Target: GBX 1300.00 New Target: GBX 1747.00 Maintain
20/03/2018 Broker: Liberum Capital Rating: Buy New Target: GBX 1689.00 Reinitiate
19/03/2018 Broker: Berenberg Rating: Buy Old Target: GBX 1310.00 New Target: GBX 1690.00 Maintain
14/03/2018 Broker: Berenberg Rating: Buy Old Target: GBX 1310.00 New Target: GBX 1310.00 Maintain
13/03/2018 Broker: Numis Securities Rating: Add Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain
13/03/2018 Broker: Liberum Capital Rating: Hold Old Target: GBX 1108.00 New Target: GBX 1108.00 Maintain
09/03/2018 Broker: Liberum Capital Rating: Hold Old Target: GBX 1108.00 Maintain
17/01/2018 Broker: Numis Securities Rating: Add Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain
10/01/2018 Broker: Berenberg Rating: Buy Old Target: GBX 1310.00 New Target: GBX 1310.00 Maintain
10/01/2018 Broker: Numis Securities Rating: Add Old Target: GBX 1200.00 New Target: GBX 1200.00 Maintain

Davenport & Company Llc decreased Cmi (CMI) stake by 2.05% reported in 2017Q4 SEC filing. Davenport & Company Llc sold 124 shares as Cmi (CMI)’s stock declined 9.68%. The Davenport & Company Llc holds 5,920 shares with $1.05B value, down from 6,044 last quarter. Cmi now has $24.07B valuation. The stock decreased 1.24% or $1.84 during the last trading session, reaching $146.54. About 1.06 million shares traded. Cummins Inc. (NYSE:CMI) has risen 6.07% since May 27, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Burford Capital Limited, together with its subsidiaries, provides investment capital, investment management, financing, and risk solutions with a focus on the litigation and arbitration sector in the United States, the United Kingdom, Singapore, Hong Kong, Australia, Germany, and Brazil. The company has market cap of 3.17 billion GBP. The firm provides commercial litigation finance, portfolio and complex financing, risk management, international arbitration, insolvency and bankruptcy, competition and antitrust, intellectual property, judgment enforcement, and post-settlement and monetization solutions. It has a 12.72 P/E ratio. It serves lawyers and clients.

The stock increased 0.66% or GBX 10 during the last trading session, reaching GBX 1520. About 517,027 shares traded. Burford Capital Limited (LON:BUR) has 0.00% since May 27, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 30 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 2 Sell and 21 Hold. Therefore 23% are positive. Cummins had 116 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Monday, July 10 by RBC Capital Markets. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Tuesday, April 10 by JP Morgan. The firm earned “Hold” rating on Wednesday, October 18 by Stifel Nicolaus. Oppenheimer initiated the stock with “Buy” rating in Wednesday, December 6 report. Jefferies maintained Cummins Inc. (NYSE:CMI) rating on Wednesday, November 1. Jefferies has “Hold” rating and $180 target. The stock has “Hold” rating by RBC Capital Markets on Thursday, November 2. Stifel Nicolaus maintained it with “Hold” rating and $109 target in Wednesday, November 2 report. Robert W. Baird downgraded the stock to “Neutral” rating in Wednesday, October 28 report. Evercore upgraded Cummins Inc. (NYSE:CMI) on Monday, November 7 to “Buy” rating. CLSA downgraded the shares of CMI in report on Thursday, December 1 to “Outperform” rating.

Davenport & Company Llc increased Mo (NYSE:MO) stake by 19,802 shares to 805,678 valued at $57.53B in 2017Q4. It also upped Town (NASDAQ:TOWN) stake by 2,698 shares and now owns 43,148 shares. Gvi (GVI) was raised too.

More notable recent Cummins Inc. (NYSE:CMI) news were published by: Benzinga.com which released: “Analyst: Cummins’ Earnings Visibility Clouded By Overhang, Peaking End Markets” on May 02, 2018, also Seekingalpha.com with their article: “Cummins: This Dividend Stock Is On Sale” published on May 06, 2018, Seekingalpha.com published: “Cummins Inc. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. More interesting news about Cummins Inc. (NYSE:CMI) were released by: Seekingalpha.com and their article: “Stocks Are Facing The Burden Of Unrealistic Expectations – Cramer’s Mad Money (5/1/18)” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Why Cummins Fell (And When I’ll Start Buying)” with publication date: May 11, 2018.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on August, 7. They expect $3.59 EPS, up 41.90% or $1.06 from last year’s $2.53 per share. CMI’s profit will be $589.73M for 10.20 P/E if the $3.59 EPS becomes a reality. After $3.30 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts 8.79% EPS growth.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.17, from 1.1 in 2017Q3. It is positive, as 47 investors sold CMI shares while 251 reduced holdings. 108 funds opened positions while 271 raised stakes. 131.82 million shares or 0.31% less from 132.23 million shares in 2017Q3 were reported. Utd Fire Gp reported 67,630 shares. Ifc Fl reported 0.13% of its portfolio in Cummins Inc. (NYSE:CMI). Brandywine Investment Management Limited Liability Com invested in 171,700 shares. Kessler Invest Lc invested in 4.16% or 18,785 shares. Daiwa Securities Group Inc Inc accumulated 18,354 shares. Clearbridge Investments Ltd Liability Com reported 235 shares. Chicago Equity Partners Limited Liability Corporation has 0.21% invested in Cummins Inc. (NYSE:CMI) for 38,805 shares. Bb&T holds 0.02% or 6,923 shares. Pittenger & Anderson accumulated 100 shares. Putnam Invs Limited Com invested in 0.07% or 183,942 shares. 1St Source Bancshares holds 0.1% in Cummins Inc. (NYSE:CMI) or 6,956 shares. Calamos Advsr accumulated 24,088 shares. Essex Fincl Serv invested 0.17% in Cummins Inc. (NYSE:CMI). The New York-based Guardian Life Of America has invested 0.02% in Cummins Inc. (NYSE:CMI). 26,600 are owned by Metropolitan Life Insurance Com Ny.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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