Two major factors that could drive the Cummins Inc share price
Shares in Cummins Inc (NYQ:CMI) are currently trading at 166.37, but a key question for investors is how much the current economic uncertainty will affect the price. The good news is that Cummins Inc scores well against some important financial and technical measures. A good F-Score suggests that the company has strong signs of quality. While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Cummins Inc is currently 8.97%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.