In yesterday’s Wall Street session, 3M Co (NYSE:MMM) shares traded at $149.12, up 1.52% from the previous session.
MMM stock price is now 12.97% away from the 50-day moving average and 25.45% away from the 200-day moving average. The market capitalization of the company currently stands at $81.20B.
With the price target enhanced from $140 to $170, Wells Fargo Upgraded its rating from Equal Weight to Overweight for 3M Co (NYSE: MMM). On November 13, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $184, while ‘Melius’ rates the stock as ‘Buy’
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 $0.65 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 0.09% 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 $150.00. As of last week, the company has a debt-to-equity ratio of 3.39, a current ratio of 1.41, and a quick ratio of 1.08. The fifty day moving average price for MMM is $131.9946 and a two-hundred day moving average price translates $118.8675 for the stock.
The latest earnings results from 3M Co (NYSE: MMM) was released for 2024-09-30. The net profit margin was 15.71% and return on equity was 97.28% 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.
