3M Co. (MMM) concluded trading on Thursady at a closing price of $92.23, with 4.22 million shares of worth about $389.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.37% during that period and on Thursady the price saw a gain of about 0.57%. Currently the company’s common shares owned by public are about 552.58M shares, out of which, 552.10M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 36,861 shares in 25 of the transactions. In 10 selling transactions, insiders dumped 23,967 shares.
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Stock saw a price change of -0.21% in past 5 days and over the past one month there was a price change of -4.03%. Year-to-date (YTD), MMM shares are showing a performance of -15.63% which decreased to -15.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $85.35 but also hit the highest price of $113.14 during that period. The average intraday trading volume for 3M Co. shares is 4.10 million. The stock is currently trading -1.66% below its 20-day simple moving average (SMA20), while that difference is down -9.16% for SMA50 and it goes to -7.31% lower than SMA200.
3M Co. (NYSE: MMM) currently have 552.58M outstanding shares and institutions hold larger chunk of about 67.58% of that.
The stock has a current market capitalization of $50.98B and its 3Y-monthly beta is at 1.01. It has posted earnings per share of -$12.63 in the same period. It has Quick Ratio of 0.76 while making debt-to-equity ratio of 3.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MMM, volatility over the week remained 1.44% while standing at 1.81% over the month.
Analysts are in expectations that 3M Co. (MMM) stock would likely to be making an EPS of $1.92 in the current quarter, while forecast for next quarter EPS is $2.24 and it is $9.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.88 which is $1.98 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.89% while it is estimated to increase by 7.61% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on December 04, 2023 offering an Equal weight rating for the stock and assigned a target price range of between $98 and $107 to it. Coverage by HSBC Securities stated 3M Co. (MMM) stock as a Hold in their note to investors on September 15, 2023, suggesting a price target of $109 for the stock. Stock get a Neutral rating from BofA Securities on July 11, 2023.
