In yesterday’s Wall Street session, 3M Co. (NYSE:MMM) shares traded at $101.49, down -1.60% from the previous session.
MMM stock price is now 8.78% away from the 50-day moving average and 19.75% away from the 200-day moving average. The market capitalization of the company currently stands at $56.16B.
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With the price target maintained at $140, Vertical Research recently Upgraded its rating from Hold to Buy for 3M Co. (NYSE: MMM). On May 10, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $115, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Chavez Rodriguez Beatriz Karin, Group President sold 426 shares of the company’s stock on Feb 14 ’24. The stock was sold for $39,330 at an average price of $92.32. Upon completion of the transaction, the Group President now directly owns 3,966 shares in the company, valued at $0.4 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, 3M Co. has had a low of $71.35 and a high of $106.04. As of last week, the company has a debt-to-equity ratio of 4.55, a current ratio of 1.64, and a quick ratio of 1.27. The fifty day moving average price for MMM is $93.68255 and a two-hundred day moving average price translates $84.82118 for the stock.
The latest earnings results from 3M Co. (NYSE: MMM) was released for 2024-03-31. According to the Conglomerates Company, earnings per share came in at 2.17, beating analysts’ expectations of 1.72 by 0.45. This compares to $1.77 EPS in the same period last year. The net profit margin was -21.57% and return on equity was -69.86% for MMM. The company reported revenue of $8.0 billion for the quarter, compared to $8.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.35 percent. For the current quarter, analysts expect MMM to generate $5.89B in revenue.
