3M Company (MMM) : 13 analysts are covering 3M Company (MMM) and their average rating on the stock is 2.79, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
3M Company (MMM) : 10 Wall Street analysts covering 3M Company (MMM) believe that the average level the stock could reach for the short term is $165. The maximum price target given is $190 and the minimum target for short term is around $134, hence the standard deviation is calculated at $19.96.
Company shares have received an average consensus rating of Hold for the current week
3M Company (NYSE:MMM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $178.75 and $178.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $179.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $179.16, notching a gain of 0.65% for the day. The total traded volume was 1,922,623 . The stock had closed at $178.01 on the previous day.
3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.