Stocks of 3M Co (NYSE:MMM) traded higher last session on Wall Street, up 1.02% to $139.18.
MMM stock price is now 6.26% away from the 50-day moving average and 17.88% away from the 200-day moving average. The market capitalization of the company currently stands at $75.79B.
With the price target maintained at $184, UBS recently Upgraded its rating from Neutral to Buy for 3M Co (NYSE: MMM). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Reinseth Theresa E, Sr Vice President & CAO sold 1,033 shares of the company’s stock on Nov 20 ’24. The stock was sold for $131,925 at an average price of $127.71. Upon completion of the transaction, the Sr Vice President & CAO now directly owns 4,388 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer Theresa E. Reinseth bought 1,033 shares of the business’s stock. A total of $131,925 was incurred on buying the stock at an average price of $127.71. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, 3M Co has had a low of $75.65 and a high of $141.34. As of last week, the company has a debt-to-equity ratio of 2.97, a current ratio of 1.43, and a quick ratio of 1.08. The fifty day moving average price for MMM is $130.9796 and a two-hundred day moving average price translates $118.06515 for the stock.
The latest earnings results from 3M Co (NYSE: MMM) was released for 2024-09-30. The net profit margin was 15.37% and return on equity was 95.53% for MMM. The company reported revenue of $6.29 billion for the quarter, compared to $6.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.38 percent. For the current quarter, analysts expect MMM to generate $5.85B in revenue.
