The trading price of 3M Co. (NYSE:MMM) floating higher at last check on Tuesday, August 06, closing at $124.86, 0.20% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 73.83. In examining the 52-week price action we see that the stock hit a 52-week high of $128.65 and a 52-week low of $71.35. Over the past month, the stock has gained 23.50% in value.
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3M Co., whose market valuation is $68.59 billion at the time of this writing. The dividend yield on the company stock is 3.58%, while its Forward Dividend ratio is 4.47. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.74 per share this quarter, however they have predicted annual earnings per share of 6.64 for current year and 7.19 for next year.
Analysts have forecast the company to bring in revenue of 5.56B for the current quarter, with the likely lows of 5.5B and highs of 5.65B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 21.65B.
On the technical side, indicators suggest MMM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that MMM’s price is currently 12.16% off the SMA20 and 19.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.26, and weekly volatility stands at 3.15%. When measured over the past 30 days, the indicator reaches 3.05%. 3M Co. (NYSE:MMM)’s beta value is currently sitting at 0.91, while the Average True Range indicator is currently displaying 3.74.
To see how 3M Co. stock has been performing today in comparison to its peers in the industry, here are the numbers: MMM stock’s performance was 0.20% at last check in today’s session, and 41.54% in the past year. 3M Co. has a P/E ratio of 73.83.
An evaluation of the daily trading volume of 3M Co. (NYSE:MMM) indicates that the 3-month average is 4.87 million.
Currently, records show that 552.58 million of the company’s shares remain outstanding. The insiders hold 0.09% of outstanding shares, whereas institutions hold 67.25%. However, since the stock’s price has seen 36.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
