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.

3M Price Performance

3M stock opened at $147.84 on Wednesday. 3M has a 12 month low of $125.60 and a 12 month high of $202.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.90. The business has a 50 day simple moving average of $136.11 and a 200-day simple moving average of $145.82. The stock has a market capitalization of $84.21 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MMM shares. Citigroup increased their target price on shares of 3M from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Credit Suisse Group increased their target price on shares of 3M from $157.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 3M from $146.00 to $148.00 and gave the company a "hold" rating in a research note on Wednesday, July 27th. TheStreet cut shares of 3M from a "b-" rating to a "c+" rating in a report on Wednesday, June 29th. Finally, Jefferies Financial Group cut their price target on shares of 3M from $161.00 to $145.00 in a report on Thursday, June 16th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, 3M has an average rating of "Hold" and an average target price of $152.00.

Insider Activity at 3M

In related news, insider Michael G. Vale sold 36,771 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $143.26, for a total transaction of $5,267,813.46. Following the sale, the insider now owns 65,321 shares of the company's stock, valued at $9,357,886.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other 3M news, insider Michael G. Vale sold 36,771 shares of the firm'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 sale, the insider now directly owns 65,321 shares of the company's stock, valued at approximately $9,357,886.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Zoe L. Dickson sold 2,265 shares of the firm'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 sale, the executive vice president now directly owns 893 shares in the company, valued at $128,949.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,465 shares of company stock valued at $5,956,664 over the last quarter. Insiders own 0.39% of the company's stock.