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

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MMM stock has decreased by 9.5% and is now trading at $133.24. 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 2 sell ratings, 9 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) released its quarterly earnings data on Tuesday, January, 28th. The conglomerate reported $1.95 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.10 by $0.15. The conglomerate had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.12 billion. 3M had a net margin of 14.22% and a return on equity of 51.39%. The company's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. View 3M's earnings history.

3M declared 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 4.41%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from 3M's previous quarterly dividend of $1.44. View 3M's dividend history.

3M declared that its board has approved a share buyback program on Tuesday, November 13th 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

3M issued an update on its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS 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 brokers have issued twelve-month target prices for 3M's shares. Their forecasts range from $150.00 to $194.00. On average, they expect 3M's share price to reach $170.67 in the next year. This suggests a possible upside of 28.1% from the stock's current price. View analysts' price targets for 3M.

News headlines about MMM stock have been trending extremely negative on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. 3M earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned press coverage about the conglomerate a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about3M.

3M saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,155,200 shares, a decline of 11.6% from the February 27th total of 9,230,000 shares. Based on an average daily volume of 3,720,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the company's shares are short sold. 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), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), Hill-Rom (HRC), Novocure (NVCR), ABIOMED (ABMD), 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 a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (7.36%), Massachusetts Financial Services Co. MA (1.90%), Geode Capital Management LLC (1.63%), Bank of New York Mellon Corp (1.05%), Norges Bank (0.87%) and Franklin Resources Inc. (0.83%). 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 Fiera Capital Corp, First Eagle Investment Management LLC, Franklin Resources Inc., DekaBank Deutsche Girozentrale, Russell Investments Group Ltd., Janus Henderson Group PLC, Personal Capital Advisors Corp, and Principal Financial Group Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, Inge G Thulin, 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 Norges Bank, American International Group Inc., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Alliancebernstein L.P., Bank of New York Mellon Corp, Schroder Investment Management Group, FMR LLC, and First Trust Advisors LP. 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 $133.24.

3M has a market capitalization of $76.62 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.