3M Companys in-depth stock price analysis indicates that the stock price has rallied 3.49% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.23% . Looking at the past 52 week period, the stock price is up at 16.26% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of 3M Company has a positive value of 7.17 compared to overall market. 3M Company (NYSE:MMM) has climbed 2.26% in the past week and advanced 0.91% in the last 4 weeks. The company has outperformed the S&P 500 by 1.44% in the past week but underperformed the index by 0.9% in the last 4 weeks.
3M Company (NYSE:MMM) : On Friday heightened volatility was witnessed in 3M Company (NYSE:MMM) which led to swings in the share price. The stock opened for trading at $178.3 and hit $179.58 on the upside , eventually ending the session at $179, with a gain of 0.46% or 0.82 points. The heightened volatility saw the trading volume jump to 1,392,438 shares. The 52-week high of the share price is $182.27 and the company has a market cap of $106,720 million. The 52-week low of the share price is at $149 .
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.
Several 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 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.