3M (NYSE:MMM – Get Free Report) has earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $144.87.
MMM has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley initiated coverage on shares of 3M in a report on Friday, September 6th. They issued an “underweight” rating and a $125.00 price target on the stock. Melius Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, October 22nd. Melius upgraded shares of 3M from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group upgraded shares of 3M from a “neutral” rating to a “buy” rating and upped their price target for the stock from $130.00 to $184.00 in a report on Wednesday, November 13th.
Check Out Our Latest Analysis on MMM
Institutional Inflows and Outflows
3M Price Performance
Shares of NYSE:MMM opened at $130.45 on Friday. The company has a market capitalization of $71.04 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.20 and a beta of 0.95. 3M has a 1-year low of $75.40 and a 1-year high of $141.34. The firm’s 50 day simple moving average is $132.09 and its two-hundred day simple moving average is $120.88. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.43 and a quick ratio of 1.08.
3M (NYSE:MMM – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. 3M had a return on equity of 104.66% and a net margin of 15.37%. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the prior year, the company posted $2.68 earnings per share. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. Research analysts expect that 3M will post 7.27 EPS for the current fiscal year.
3M Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.15%. 3M’s dividend payout ratio (DPR) is currently 35.35%.
3M Company Profile
3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.
Featured Stories
- Five stocks we like better than 3M
- Stock Splits, Do They Really Impact Investors?
- Tesla Poised to Hit Record Highs This Holiday Season
- Why Invest in High-Yield Dividend Stocks?
- The Salesforce Rally is Just Getting Started: Here’s Why
- What is a Bond Market Holiday? How to Invest and Trade
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Receive News & Ratings for 3M Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3M and related companies with MarketBeat.com's FREE daily email newsletter.