In yesterday’s Wall Street session, 3M Co. (NYSE:MMM) shares traded at $126.75, up 1.27% from the previous session.
MMM stock price is now 23.41% away from the 50-day moving average and 42.14% away from the 200-day moving average. The market capitalization of the company currently stands at $69.63B.
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With the price target maintained at $145, Argus recently Upgraded its rating from Hold to Buy for 3M Co. (NYSE: MMM). On July 29, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $110 to quote $150, while ‘Wolfe Research’ rates the stock as ‘Outperform’
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 $0.5 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 $128.65. As of last week, the company has a debt-to-equity ratio of 3.50, a current ratio of 1.36, and a quick ratio of 1.08. The fifty day moving average price for MMM is $103.1424 and a two-hundred day moving average price translates $89.434166 for the stock.
The latest earnings results from 3M Co. (NYSE: MMM) was released for 2024-06-30. The net profit margin was 3.08% and return on equity was 17.11% for MMM. The company reported revenue of $6.25 billion for the quarter, compared to $6.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.45 percent.
