3M (NYSE:MMM) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank raised 3M’s price target from $192 to $194 while maintaining a “hold” rating, implying approximately 15.1% upside from the current share price.
• Analyst sentiment remains mixed, with a consensus “hold” rating and an average price target of $181.36; ratings include seven buys, seven holds, and one sell.
• 3M exceeded quarterly expectations, reporting $2.40 in EPS versus $2.25 expected and $6.50 billion in revenue versus $6.40 billion expected, while revenue increased 2.5% year over year.

3M (NYSE:MMM - Get Free Report) had its price objective increased by analysts at Deutsche Bank Aktiengesellschaft from $192.00 to $194.00 in a report released on Wednesday. The firm currently has a "hold" rating on the conglomerate's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 15.12% from the stock's current price.

Several other equities analysts also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of 3M from $123.00 to $132.00 and gave the stock an "underperform" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised shares of 3M from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $178.00 to $180.00 in a report on Friday, July 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of 3M in a research note on Wednesday, July 22nd. Citigroup raised their target price on shares of 3M from $166.00 to $183.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group upped their price target on shares of 3M from $170.00 to $175.00 and gave the company a "hold" rating in a report on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $181.36.

3M Price Performance

Shares of MMM opened at $168.52 on Wednesday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The company's fifty day moving average price is $173.77 and its 200-day moving average price is $159.85. 3M has a 1-year low of $139.34 and a 1-year high of $184.90. The firm has a market capitalization of $86.91 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

3M (NYSE:MMM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the business earned $2.16 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts predict that 3M will post 8.96 EPS for the current year.

Insider Buying and Selling at 3M

In other 3M news, insider Karin Chavez sold 3,635 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider owned 14,035 shares in the company, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On 3M

A number of large investors have recently added to or reduced their stakes in MMM. Capital Analysts LLC lifted its position in 3M by 2.7% in the second quarter. Capital Analysts LLC now owns 2,576 shares of the conglomerate's stock valued at $417,000 after buying an additional 67 shares during the last quarter. MBA Advisors LLC increased its position in shares of 3M by 2.5% during the second quarter. MBA Advisors LLC now owns 2,839 shares of the conglomerate's stock valued at $460,000 after acquiring an additional 68 shares during the last quarter. SVB Wealth LLC raised its stake in shares of 3M by 1.3% in the 2nd quarter. SVB Wealth LLC now owns 5,484 shares of the conglomerate's stock valued at $888,000 after acquiring an additional 70 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of 3M by 32.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate's stock worth $42,000 after acquiring an additional 71 shares during the last quarter. Finally, Rathbones Group PLC boosted its position in shares of 3M by 1.0% during the 1st quarter. Rathbones Group PLC now owns 7,809 shares of the conglomerate's stock worth $1,134,000 after purchasing an additional 80 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

About 3M

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.

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