3M Co. (MMM) concluded trading on Thursday at a closing price of $136.60, with 3.4 million shares of worth about $464.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.20% during that period and on September 25, 2024 the price saw a loss of about -0.45%. Currently the company’s common shares owned by public are about 552.58M shares, out of which, 548.85M shares are available for trading.
Stock saw a price change of 2.43% in past 5 days and over the past one month there was a price change of 3.60%. Year-to-date (YTD), MMM shares are showing a performance of 49.45% which increased to 72.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.35 but also hit the highest price of $137.94 during that period. The average intraday trading volume for 3M Co. shares is 4.22 million. The stock is currently trading 3.07% above its 20-day simple moving average (SMA20), while that difference is up 8.99% for SMA50 and it goes to 37.29% higher than SMA200.
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3M Co. (NYSE: MMM) currently have 552.58M outstanding shares and institutions hold larger chunk of about 66.13% of that.
The stock has a current market capitalization of $75.04B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 80.77, while it has posted earnings per share of $1.69 in the same period. It has Quick Ratio of 1.08 while making debt-to-equity ratio of 3.50. 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 1.34% while standing at 1.70% over the month.
Stock’s fiscal year EPS is expected to drop by -6.00% while it is estimated to increase by 8.46% 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 Morgan Stanley on September 06, 2024 offering an Underweight rating for the stock and assigned a target price of $125 to it. Coverage by Argus stated 3M Co. (MMM) stock as a Buy in their note to investors on July 30, 2024, suggesting a price target of $145 for the stock. On July 29, 2024, Deutsche Bank Upgrade their recommendations, while on June 13, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $125. Stock get a Buy rating from BofA Securities on June 07, 2024.
