3M Company (NYSE:MMM)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday. They presently have a $202.00 target price on the conglomerate’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 4.41% from the company’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on 3M from $178.00 to $193.00 and gave the stock an “underweight” rating in a report on Friday, June 9th. Zacks Investment Research raised 3M from a “hold” rating to a “buy” rating and set a $237.00 price objective on the stock in a report on Monday, June 19th. Bank of America Corporation reissued a “buy” rating and set a $225.00 price objective (up previously from $208.00) on shares of 3M in a report on Tuesday, June 6th. Citigroup Inc. reissued a “buy” rating and set a $229.00 price objective (up previously from $220.00) on shares of 3M in a report on Saturday, June 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $234.00 price objective on shares of 3M in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $201.55.

Shares of 3M (NYSE:MMM) traded up 0.14% during trading on Wednesday, reaching $211.60. The company had a trading volume of 199,456 shares. 3M has a 12 month low of $163.85 and a 12 month high of $214.57. The stock has a 50 day moving average price of $209.34 and a 200 day moving average price of $193.30. The firm has a market capitalization of $126.38 billion, a PE ratio of 25.59 and a beta of 1.09.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, April 25th. The conglomerate reported $2.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.09. 3M had a return on equity of 44.95% and a net margin of 16.78%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the firm earned $1.95 EPS. 3M’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that 3M will post $8.98 EPS for the current year.

WARNING: “3M Company (NYSE:MMM) Receives Hold Rating from Stifel Nicolaus” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/19/3m-company-nysemmm-receives-hold-rating-from-stifel-nicolaus.html.

In other 3M news, VP Marlene Mary Mcgrath sold 14,766 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $194.88, for a total value of $2,877,598.08. Following the transaction, the vice president now owns 24,480 shares of the company’s stock, valued at $4,770,662.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kimberly F. Price sold 3,016 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $198.11, for a total value of $597,499.76. Following the completion of the transaction, the insider now directly owns 9,292 shares in the company, valued at approximately $1,840,838.12. The disclosure for this sale can be found here. In the last three months, insiders sold 33,698 shares of company stock worth $6,593,443. Insiders own 0.58% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MMM. Vanguard Group Inc. increased its stake in 3M by 2.0% in the second quarter. Vanguard Group Inc. now owns 42,183,048 shares of the conglomerate’s stock worth $7,387,096,000 after buying an additional 822,712 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in 3M by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,477,856 shares of the conglomerate’s stock worth $2,885,602,000 after buying an additional 527,158 shares during the last quarter. BlackRock Fund Advisors increased its stake in 3M by 3.3% in the third quarter. BlackRock Fund Advisors now owns 8,265,834 shares of the conglomerate’s stock worth $1,456,688,000 after buying an additional 261,278 shares during the last quarter. Wells Fargo & Company MN increased its stake in 3M by 0.3% in the third quarter. Wells Fargo & Company MN now owns 7,148,070 shares of the conglomerate’s stock worth $1,259,705,000 after buying an additional 23,986 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 3M by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 6,844,989 shares of the conglomerate’s stock worth $1,309,651,000 after buying an additional 300,345 shares during the last quarter. Institutional investors own 65.74% of the company’s stock.

About 3M

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Analyst Recommendations for 3M (NYSE:MMM)

Receive News & Ratings for 3M Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3M Company and related companies with MarketBeat.com's FREE daily email newsletter.