In yesterday’s Wall Street session, 3M Co. (NYSE:MMM) shares traded at $100.86, up 2.69% from the previous session.
MMM stock price is now 5.21% away from the 50-day moving average and 17.98% away from the 200-day moving average. The market capitalization of the company currently stands at $55.81B.
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With the price target enhanced from $105 to $120, BofA Securities Upgraded its rating from Neutral to Buy for 3M Co. (NYSE: MMM). On May 16, 2024, Vertical Research Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $140, while ‘HSBC Securities’ rates the stock as ‘Buy’
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 $96.13795 and a two-hundred day moving average price translates $85.58549 for the stock.
The latest earnings results from 3M Co. (NYSE: MMM) was released for 2024-03-31. 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.
