Currently, there are 544.56M common shares owned by the public and among those 544.07M shares have been available to trade.
The company’s stock has a 5-day price change of 9.13% and 8.26% over the past three months. MMM shares are trading 13.79% year to date (YTD), with the 12-month market performance up to 65.06% higher. It has a 12-month low price of $75.65 and touched a high of $141.66 over the same period. MMM has an average intraday trading volume of 3.55 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 10.43%, 11.54%, and 23.88% respectively.
Institutional ownership of 3M Co (NYSE: MMM) shares accounts for 67.81% of the company’s 544.56M shares outstanding.
It has a market capitalization of $79.99B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 18.55, while the earnings-per-share (ttm) stands at $7.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 2.07% over the month.
Analysts forecast that 3M Co (MMM) will achieve an EPS of 1.8 for the current quarter, 2.01 for the next quarter and 8.52 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.72 while analysts give the company a high EPS estimate of 1.72. Comparatively, EPS for the current quarter was 2.39 a year ago. Earnings per share for the fiscal year are expected to increase by 6.55%, and 9.32% over the next financial year.
Looking at the support for the MMM, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on November 13, 2024, with the firm’s price target at $184. Morgan Stanley was of a view on September 06, 2024 that the stock is Underweight, while Argus gave the stock Buy rating on July 30, 2024, issuing a price target of $145. Deutsche Bank on their part issued Buy rating on July 29, 2024.
