NYSE:MMM - 3M Stock Price, Forecast & News

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MMM shares have decreased by 9.6% and is now trading at $133.14. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for 3M.

3M is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for 3M.

3M Co (NYSE:MMM) announced its earnings results on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.10 by $0.15. The conglomerate earned $8.11 billion during the quarter, compared to analyst estimates of $8.12 billion. 3M had a return on equity of 51.39% and a net margin of 14.22%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. View 3M's earnings history.

3M announced a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be given a dividend of $1.47 per share on Thursday, March 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Thursday, February 13th. This is a boost from 3M's previous quarterly dividend of $1.44. View 3M's dividend history.

3M announced that its board has initiated a share repurchase plan on Tuesday, November 13th 2018, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

3M updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share guidance of $9.30 to $9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.61. The company issued revenue guidance of $32 billion to $32.74 billion, compared to the consensus revenue estimate of $33.70 billion.

12 Wall Street analysts have issued twelve-month price targets for 3M's stock. Their forecasts range from $143.00 to $194.00. On average, they expect 3M's share price to reach $166.33 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View analysts' price targets for 3M.

Press coverage about MMM stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. 3M earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave press coverage about the conglomerate a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about3M.

3M saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 8,155,200 shares, a drop of 11.6% from the February 27th total of 9,230,000 shares. Based on an average trading volume of 3,720,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the company's stock are sold short. View 3M's Current Options Chain.

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), FRESENIUS SE &/S (FSNUY), Teleflex (TFX), Insulet (PODD), Hill-Rom (HRC), ABIOMED (ABMD), Novocure (NVCR), Penumbra (PEN), Haemonetics (HAE) and Globus Medical (GMED).

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), Exxon Mobil (XOM), Intel (INTC), Verizon Communications (VZ), Home Depot (HD), Procter & Gamble (PG) and Boeing (BA).

3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."

3M's stock is owned by many different retail and institutional investors. Top institutional investors include First Financial Bank Trust Division (0.00%) and Bath Savings Trust Co (0.00%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn. View institutional ownership trends for 3M.

MMM stock was sold by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, and Bath Savings Trust Co. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Joaquin Delgado, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn. View insider buying and selling activity for 3M.

Shares of MMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MMM stock can currently be purchased for approximately $133.14.

3M has a market capitalization of $76.56 billion and generates $32.14 billion in revenue each year. The conglomerate earns $4.57 billion in net income (profit) each year or $9.10 on an earnings per share basis. 3M employs 96,163 workers across the globe. View additional information about 3M.

The official website for 3M is http://www.3m.com/.

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The conglomerate can be reached via phone at 651-733-1110.