3M - MMM Stock Forecast, Price & News

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on 3M from $136.00 to $138.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 27th. Argus downgraded 3M from a "buy" rating to a "hold" rating in a research note on Thursday, April 28th. TheStreet downgraded 3M from a "b-" rating to a "c+" rating in a research note on Wednesday, June 29th. Wells Fargo & Company lifted their target price on 3M from $137.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 27th. Finally, Credit Suisse Group lifted their target price on 3M from $157.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $152.00.

3M Price Performance

Shares of NYSE:MMM opened at $149.38 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.90. 3M has a fifty-two week low of $125.60 and a fifty-two week high of $202.77. The stock has a market capitalization of $85.09 billion, a PE ratio of 20.86, a P/E/G ratio of 1.49 and a beta of 0.97. The business has a fifty day moving average price of $136.11 and a two-hundred day moving average price of $145.82.

3M (NYSE:MMM - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.01. 3M had a return on equity of 39.11% and a net margin of 11.83%. The company had revenue of $8.70 billion during the quarter, compared to analysts' expectations of $8.70 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. 3M's revenue was down 2.2% on a year-over-year basis. As a group, equities analysts predict that 3M will post 10.4 earnings per share for the current fiscal year.

Insider Transactions at 3M

In other news, EVP Zoe L. Dickson sold 2,265 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $144.40, for a total transaction of $327,066.00. Following the completion of the transaction, the executive vice president now owns 893 shares of the company's stock, valued at approximately $128,949.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other 3M news, insider Michael G. Vale sold 36,771 shares of the company's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $143.26, for a total value of $5,267,813.46. Following the completion of the transaction, the insider now owns 65,321 shares of the company's stock, valued at approximately $9,357,886.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Zoe L. Dickson sold 2,265 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $144.40, for a total value of $327,066.00. Following the completion of the transaction, the executive vice president now directly owns 893 shares of the company's stock, valued at approximately $128,949.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,465 shares of company stock valued at $5,956,664. Corporate insiders own 0.39% of the company's stock.