Impact of Brokerage Rating on 3M Company(MMM)

Many 3M Company(MMM) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Jan 25, 2017 to Hold, Raises Price Target to $ 190 from a previous price target of $187 .Company shares were Reiterated by Stifel on Dec 14, 2016 to Hold, Raises Price Target to $ 186 from a previous price target of $175 .Company shares were Upgraded by RBC Capital Mkts on Dec 7, 2016 to Sector Perform, Raises Price Target to $ 171 from a previous price target of $155 .3M Co was Downgraded by Goldman to Sell on Nov 21, 2016.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Inge G Thulin (Chairman, President & CEO) sold 28,183 shares at 177.49 per share price.On Feb 10, 2017, Hak Cheol Shin (Executive Vice President) sold 47,528 shares at 176.83 per share price.On Dec 14, 2016, Michael F Roman (Executive Vice President) sold 4,036 shares at 180.00 per share price.

3M Co Last issued its quarterly earnings results on Jan 24, 2017. The company reported $1.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.87. The company had revenue of $7329.00 million for the quarter, compared to analysts expectations of $7338.29 million. The companys revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS.

3M Company (NYSE:MMM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.78 by 12 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

3M Company (NYSE:MMM): 10 analysts have set the short term price target of 3M Company (NYSE:MMM) at $184.3. The standard deviation of short term price target has been estimated at $16.17, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 210 and $166 respectively.

3M Company (NYSE:MMM) rose 0.32% or 0.58 points on Tuesday and made its way into the gainers of the day. After trading began at $180.86 the stock was seen hitting $182 as a peak level and $180.65 as the lowest level. The stock ended up at $181.6. The daily volume was measured at 2,036,188 shares. The 52-week high of the share price is $182.27 and the 52-week low is $153.64. The company has a market cap of $108,270 million.

3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research, manufacturing and marketing of products.


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