Currently, there are 553.36M common shares owned by the public and among those 552.89M shares have been available to trade.
The company’s stock has a 5-day price change of 1.51% and 16.42% over the past three months. MMM shares are trading 11.65% year to date (YTD), with the 12-month market performance up to 21.19% higher. It has a 12-month low price of $71.35 and touched a high of $106.04 over the same period. MMM has an average intraday trading volume of 5.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.81%, 4.13%, and 18.23% respectively.
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Institutional ownership of 3M Co. (NYSE: MMM) shares accounts for 67.16% of the company’s 553.36M shares outstanding.
It has a market capitalization of $56.47B and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$12.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 1.93% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.19%, and 8.29% over the next financial year.
Looking at the support for the MMM, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on June 13, 2024, with the firm’s price target at $125. BofA Securities coverage for the 3M Co. (MMM) stock in a research note released on June 07, 2024 offered a Buy rating with a price target of $120. Vertical Research was of a view on May 16, 2024 that the stock is Buy, while HSBC Securities gave the stock Buy rating on May 10, 2024, issuing a price target of $115. JP Morgan on their part issued Overweight rating on May 01, 2024.
