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 $149.66 on Friday. 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 company has a market capitalization of $85.25 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. 3M has a one year low of $125.60 and a one year high of $202.77. The business has a 50 day simple moving average of $136.17 and a 200 day simple moving average of $145.84.

3M (NYSE:MMM - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $2.48 earnings per share for the quarter, beating 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 firm had revenue of $8.70 billion during the quarter, compared to analysts' expectations of $8.70 billion. During the same period last year, the firm posted $2.59 EPS. The business's revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that 3M will post 10.4 EPS for the current fiscal year.

Analyst Ratings Changes

MMM has been the subject of several recent analyst reports. TheStreet downgraded 3M from a "b-" rating to a "c+" rating in a research note on Wednesday, June 29th. Jefferies Financial Group reduced their price objective on 3M from $161.00 to $145.00 in a research report on Thursday, June 16th. Barclays reduced their price objective on 3M from $143.00 to $137.00 and set an "underweight" rating for the company in a research report on Wednesday, July 27th. Citigroup raised their price objective on 3M from $136.00 to $145.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 27th. Finally, Mizuho raised their price objective on 3M from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 27th. Four research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $152.00.

Insider Activity at 3M

In related news, EVP Zoe L. Dickson sold 2,265 shares of the firm'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 sale, the executive vice president now directly 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 at the SEC website. In related news, EVP Zoe L. Dickson sold 2,265 shares of the firm'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 sale, the executive vice president now directly 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 at the SEC website. Also, insider Mojdeh Poul sold 1,634 shares of 3M stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $151.68, for a total value of $247,845.12. Following the completion of the sale, the insider now directly owns 7,637 shares of the company's stock, valued at $1,158,380.16. The disclosure for this sale can be found here. Insiders sold 44,610 shares of company stock valued at $6,429,420 in the last three months. Corporate insiders own 0.34% of the company's stock.