3M Co (MMM) concluded trading on Wednesday at a closing price of $147.43, with 5.78 million shares of worth about $852.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.93% during that period and on Wednesday the price saw a gain of about 0.61%. Currently the company’s common shares owned by public are about 542.90M shares, out of which, 542.35M shares are available for trading.
Stock saw a price change of -1.84% in past 5 days and over the past one month there was a price change of -2.70%. Year-to-date (YTD), MMM shares are showing a performance of 14.21% which increased to 90.47% 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 $155.00 during that period. The average intraday trading volume for 3M Co shares is 3.50 million. The stock is currently trading -1.49% below its 20-day simple moving average (SMA20), while that difference is up 4.60% for SMA50 and it goes to 17.34% higher than SMA200.
3M Co (NYSE: MMM) currently have 542.90M outstanding shares and institutions hold larger chunk of about 68.64% of that.
The stock has a current market capitalization of $80.04B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 19.53, while it has posted earnings per share of $7.55 in the same period. Its PEG reads 2.29 and has Quick Ratio of 1.08 while making debt-to-equity ratio of 3.56. 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 2.68% while standing at 1.91% over the month.
Stock’s fiscal year EPS is expected to rise by 6.95% while it is estimated to increase by 8.96% in next year. EPS is likely to grow at an annualized rate of 8.52% for next 5-years, compared to annual growth of -0.67% made by the stock over the past 5-years.
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 Wells Fargo on January 22, 2025 offering an Overweight rating for the stock and assigned a target price range of between $140 and $170 to it. Coverage by UBS stated 3M Co (MMM) stock as a Buy in their note to investors on November 13, 2024, suggesting a price target of $184 for the stock. On October 22, 2024, Melius Upgrade their recommendations, while on September 06, 2024, Morgan Stanley Initiated their ratings for the stock with a price target of $125. Stock get a Buy rating from Argus on July 30, 2024.
