Currently, there are 552.58M common shares owned by the public and among those 548.86M shares have been available to trade.
The company’s stock has a 5-day price change of -0.68% and 28.75% over the past three months. MMM shares are trading 47.53% year to date (YTD), with the 12-month market performance up to 85.25% higher. It has a 12-month low price of $71.35 and touched a high of $140.72 over the same period. MMM has an average intraday trading volume of 4.04 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 -0.71%, 1.63%, and 29.72% respectively.
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Institutional ownership of 3M Co. (NYSE: MMM) shares accounts for 66.10% of the company’s 552.58M shares outstanding.
It has a market capitalization of $74.07B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 79.73, while the earnings-per-share (ttm) stands at $1.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.36% over the week and 1.40% over the month.
Earnings per share for the fiscal year are expected to decrease by -5.99%, and 8.64% over the next financial year.
Looking at the support for the MMM, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $125. Argus coverage for the 3M Co. (MMM) stock in a research note released on July 30, 2024 offered a Buy rating with a price target of $145. Deutsche Bank was of a view on July 29, 2024 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on June 13, 2024, issuing a price target of $125. BofA Securities on their part issued Buy rating on June 07, 2024.
