3M Co (MMM) concluded trading on Thursday at a closing price of $146.26, with 3.57 million shares of worth about $521.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.06% during that period and on Thursday the price saw a loss of about -0.37%. Currently the company’s common shares owned by public are about 538.18M shares, out of which, 537.64M shares are available for trading.
Stock saw a price change of -2.25% in past 5 days and over the past one month there was a price change of 5.97%. Year-to-date (YTD), MMM shares are showing a performance of 13.30% which increased to 46.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $97.87 but also hit the highest price of $156.35 during that period. The average intraday trading volume for 3M Co shares is 3.89 million. The stock is currently trading -1.62% below its 20-day simple moving average (SMA20), while that difference is up 2.85% for SMA50 and it goes to 5.59% higher than SMA200. 3M Co (NYSE: MMM) currently have 538.18M outstanding shares and institutions hold larger chunk of about 72.85% of that.
The stock has a current market capitalization of $78.71B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 18.48, while it has posted earnings per share of $7.92 in the same period. Its PEG reads 2.39 and has Quick Ratio of 1.25 while making debt-to-equity ratio of 3.15. 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 1.09% while standing at 1.82% over the month.
Stock’s fiscal year EPS is expected to rise by 5.18% while it is estimated to increase by 8.94% in next year. EPS is likely to grow at an annualized rate of 7.74% 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.
