The price of 3M Co. (NYSE:MMM) shares last traded on Wall Street fell -2.31% to $131.73.
MMM stock price is now -0.83% away from the 50-day moving average and 26.48% away from the 200-day moving average. The market capitalization of the company currently stands at $72.37B.
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On September 06, 2024, Morgan Stanley recently initiated its ‘Underweight’ rating on the stock quoting a target price of $125, while ‘Argus’ rates the stock as ‘Buy’
In other news, Patolawala Monish D, Former Director bought 14,981 shares of the company’s stock on Aug 21 ’24. The stock was bought for $1,947,230 at an average price of $129.98. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Former Officer Patolawala Monish D bought 10,000 shares of the business’s stock. A total of $1,268,500 was incurred on buying the stock at an average price of $126.85. 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 $140.72. As of last week, the company has a debt-to-equity ratio of 2.85, a current ratio of 1.43, and a quick ratio of 1.08. The fifty day moving average price for MMM is $132.671 and a two-hundred day moving average price translates $103.94846 for the stock.
The latest earnings results from 3M Co. (NYSE: MMM) was released for 2024-06-30. The net profit margin was 15.37% and return on equity was 95.00% 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.
