3M Sets New 1-Year High at $145.73 (MMM)
3M (NYSE:MMM)’s share price hit a new 52-week high during trading on Thursday , American Banking and Market News reports. The company traded as high as $145.73 and last traded at $145.28, with a volume of 836,455 shares. The stock had previously closed at $145.23.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of 3M in a research note on Friday, April 25th. They now have a $145.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of 3M in a research note on Friday, April 25th. They now have a $143.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of 3M from $128.00 to $129.00 in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $141.08.
The stock has a 50-day moving average of $142.9 and a 200-day moving average of $136.7. The company has a market cap of $95.139 billion and a P/E ratio of 21.05.
3M (NYSE:MMM) last announced its earnings results on Thursday, April 24th. The company reported $1.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.80 by $0.01. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter last year, the company posted $1.61 earnings per share. 3M’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that 3M will post $7.46 earnings per share for the current fiscal year.
3M Company (NYSE:MMM) is a diversified technology company.
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