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

3M's stock was trading at $147.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMM shares have decreased by 8.1% and is now trading at $135.36. 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 consensus estimate of $2.10 by $0.15. The conglomerate earned $8.11 billion during the quarter, compared to analysts' expectations of $8.12 billion. 3M had a return on equity of 51.39% and a net margin of 14.22%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. View 3M's earnings history.

3M announced a quarterly dividend on Tuesday, February 4th. Stockholders 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 4.34%. 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 declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 13th 2018, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board 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 EPS 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 brokerages have issued 12 month target prices for 3M's stock. Their forecasts range from $143.00 to $194.00. On average, they expect 3M's stock price to reach $166.33 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price. View analysts' price targets for 3M.

News headlines about MMM stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. 3M earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave media coverage about the conglomerate a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about3M.

3M saw a decrease in short interest in March. As of March 13th, there was short interest totaling 8,155,200 shares, a decrease 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 short-interest ratio is presently 2.2 days. Approximately 1.4% of the company's shares 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), Intel (INTC), Exxon Mobil (XOM), Verizon Communications (VZ), Home Depot (HD), Procter & Gamble (PG) and Mcdonald's (MCD).

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 Park National Corp OH (0.03%), Cullinan Associates Inc. (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%), 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 Cullinan Associates Inc., 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.

MMM stock was acquired by a variety of institutional investors in the last quarter, including Park National Corp OH, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have bought 3M stock in the last two years include David B Dillon, and Gregory R Page. 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 $135.36.

3M has a market capitalization of $77.84 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.