In recent trading session, 3M Co. (NYSE:MMM) saw 9.35 million shares changing hands at last check today with its beta currently measuring 0.94. Company’s recent per share price level of $119.14 trading at $15.75 or 15.23% at last check today assigns it a market valuation of $65.93B. That most recent trading price of MMM’s stock is at a premium of 11.0% from its 52-week high price of $106.04 and is indicating a premium of 40.11% from its 52-week low price of $71.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.25 million shares which gives us an average trading volume of 4.55 million if we extend that period to 3-months.
For 3M Co. (MMM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 16 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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3M Co. (NYSE:MMM) trade information
Upright in the green today for gaining 15.23%, in the last five days MMM remained trading in the green while hitting it’s week-highest on Friday, 07/26/24 when the stock touched $119.14 price level, adding 1.51% to its value on the day. 3M Co.’s shares saw a change of 30.35% in year-to-date performance and have moved 14.65% in past 5-day. 3M Co. (NYSE:MMM) showed a performance of 17.44% in past 30-days. Number of shares sold short was 7.67 million shares which calculate 2.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 130 to the stock, which implies a rise of 8.35% to its recent value today. Analysts have been projecting 78 as a low price target for the stock while placing it at a high target of 190. It follows that stock’s current price would jump 34.53% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.53% for stock’s current value.
3M Co. (MMM) estimates and forecasts
Statistics highlight that 3M Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 48.47% of value to its shares in past 6 months, showing an annual growth rate of -22.40% while that of industry is 1.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around -6.77% while estimates for its earnings growth in next 5 years are of -4.67%.
MMM Dividends
With an annual yield of 4.37%, the share has a forward dividend of 5.21 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.35%.
3M Co. (NYSE:MMM)’s Major holders
Insiders are in possession of 0.11% of company’s total shares while institution are holding 66.50 percent of that, with stock having share float percentage of 66.57%. Investors also watch the number of corporate investors in a company very closely, which is 66.50% institutions for 3M Co. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MMM for having 49.46 million shares of worth $5.25 billion. And as of 2024-03-31, it was holding 8.9297 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 40.59 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.3288 of outstanding shares, having a total worth of $4.31 billion.
