3M Receives Consensus Rating of “Buy” from Brokerages (NYSE:MMM)
Shares of 3M (NYSE:MMM) have earned a consensus rating of “Buy” from the fifteen ratings firms that are currently covering the stock, StockRatingsNetwork reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $141.82.
3M (NYSE:MMM) traded down 0.01% during mid-day trading on Tuesday, hitting $144.90. 353,105 shares of the company’s stock traded hands. 3M has a 1-year low of $112.36 and a 1-year high of $145.73. The stock’s 50-day moving average is $143.2 and its 200-day moving average is $137.0. The company has a market cap of $94.805 billion and a P/E ratio of 21.00.
3M (NYSE:MMM) last posted its quarterly 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. Analysts expect that 3M will post $7.46 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of 3M from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Argus upgraded shares of 3M from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, 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.
3M Company (NYSE:MMM) is a diversified technology company.
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