News coverage about 3M (NYSE:MMM) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. 3M earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.7030645787887 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
MMM has been the topic of several recent research reports. Bank of America upped their price target on 3M from $227.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut 3M from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Argus upped their price target on 3M from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and issued a $237.00 price target (up from $229.00) on shares of 3M in a research note on Wednesday, October 11th. Finally, J P Morgan Chase & Co cut 3M from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $185.00 to $201.00 in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. 3M has a consensus rating of “Hold” and an average target price of $231.16.
3M (NYSE:MMM) traded down $2.17 during trading on Friday, reaching $238.13. The company’s stock had a trading volume of 1,999,835 shares, compared to its average volume of 1,686,691. The company has a quick ratio of 1.47, a current ratio of 2.07 and a debt-to-equity ratio of 0.89. 3M has a twelve month low of $173.55 and a twelve month high of $244.23. The company has a market capitalization of $143,124.64, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.
3M (NYSE:MMM) last released its earnings results on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.12. 3M had a return on equity of 48.55% and a net margin of 17.71%. The business had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts expect that 3M will post 9.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.0118 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend is Wednesday, November 22nd. 3M’s payout ratio is currently 52.51%.
In other news, insider Jon T. Lindekugel sold 400 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $230.06, for a total transaction of $92,024.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Nicholas C. Gangestad sold 4,004 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $233.84, for a total value of $936,295.36. Following the transaction, the chief financial officer now directly owns 25,805 shares in the company, valued at $6,034,241.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,804 shares of company stock worth $5,303,706. Corporate insiders own 0.58% of the company’s stock.
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3M Company Profile
3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.
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