3M Co (MMM) concluded trading on Thursday at a closing price of $133.33, with 4.17 million shares of worth about $556.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.75% during that period and on December 05, 2024 the price saw a gain of about 2.21%. Currently the company’s common shares owned by public are about 544.56M shares, out of which, 544.08M shares are available for trading.
Stock saw a price change of 0.64% in past 5 days and over the past one month there was a price change of 5.38%. Year-to-date (YTD), MMM shares are showing a performance of 45.88% which increased to 56.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $75.65 but also hit the highest price of $141.34 during that period. The average intraday trading volume for 3M Co shares is 3.48 million. The stock is currently trading 1.65% above its 20-day simple moving average (SMA20), while that difference is up 0.92% for SMA50 and it goes to 19.52% higher than SMA200.
3M Co (NYSE: MMM) currently have 544.56M outstanding shares and institutions hold larger chunk of about 67.86% of that.
The stock has a current market capitalization of $72.61B and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 16.84, while it has posted earnings per share of $7.92 in the same period. It has Quick Ratio of 1.08 while making debt-to-equity ratio of 2.97. 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 2.01% while standing at 1.94% over the month.
Stock’s fiscal year EPS is expected to drop by -4.89% while it is estimated to increase by 7.96% 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 UBS on November 13, 2024 offering a Buy rating for the stock and assigned a target price of $184 to it. On September 06, 2024, Morgan Stanley Initiated their recommendations, while on July 30, 2024, Argus Upgrade their ratings for the stock with a price target of $145. Stock get a Buy rating from Deutsche Bank on July 29, 2024.
