The price of 3M Co. (NYSE:MMM) shares last traded on Wall Street rose 0.78% to $127.16.
MMM stock price is now 17.21% away from the 50-day moving average and 37.86% away from the 200-day moving average. The market capitalization of the company currently stands at $69.86B.
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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, Roman Michael F, Chairman of the Board sold 5,675 shares of the company’s stock on Aug 07 ’24. The stock was sold for $700,608 at an average price of $123.46. Upon completion of the transaction, the Chairman of the Board now directly owns 174,036 shares in the company, valued at $22.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Director Michael F. Roman bought 5,675 shares of the business’s stock. A total of $700,749 was incurred on buying the stock at an average price of $123.48. 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 $108.4854 and a two-hundred day moving average price translates $92.24127 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. For the current quarter, analysts expect MMM to generate $6.06B in revenue.
