Stocks of 3M Co (NYSE:MMM) traded higher last session on Wall Street, up 0.55% to $147.67.
MMM stock price is now -1.36% away from the 50-day moving average and 12.25% away from the 200-day moving average. The market capitalization of the company currently stands at $79.64B.
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 $28647.98. 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 $88.23 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 $86153043968, which is based on a 19.56 price-to-earnings ratio, a 2.30 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for MMM is $149.699 and a two-hundred day moving average price translates $131.55815 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.
