In Friday’s Wall Street session, 3M Co (NYSE:MMM) shares traded at $126.91, down -9.18% from the previous session.
MMM stock price is now -14.87% away from the 50-day moving average and -3.94% away from the 200-day moving average. The market capitalization of the company currently stands at $68.44B.
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, Clarke Victoria, EVP & Chief Public Affairs Off sold 1,750 shares of the company’s stock on Jan 31 ’25. The stock was sold for $269,878 at an average price of $154.22. Upon completion of the transaction, the EVP & Chief Public Affairs Off now directly owns 194 shares in the company, valued at $24620.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31 ’25, Officer Victoria Clarke bought 1,750 shares of the business’s stock. A total of $269,500 was incurred on buying the stock at an average price of $154.00. 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 $89.54 and a high of $156.35. As of last week, the company has a debt-to-equity ratio of 3.56, a current ratio of 1.41, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $74882441216, which is based on a 16.81 price-to-earnings ratio, a 2.03 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for MMM is $149.0744 and a two-hundred day moving average price translates $132.11536 for the stock.
The latest earnings results from 3M Co (NYSE: MMM) was released for 2024-12-31. The net profit margin was 15.71% and return on equity was 97.86% for MMM. The company reported revenue of $4.02 billion for the quarter, compared to $4.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.07 percent.
