News articles about 3M (NYSE:MMM) have trended somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 3M earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 46.6340587182538 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- £30m Premier League star can join Manchester City for just £3m (caughtoffside.com)
- Analyzing 3M’s Valuations before Its 1Q18 Earnings (marketrealist.com)
- Sam Kayode, pictured outside Woolwich Crown Court, was told to pay back £3million or face a further eight years in jail (dailymail.co.uk)
- 3M Could Beat Analysts’ Earnings Estimates in 1Q18 (marketrealist.com)
- Arion Bank will publish its 3M 2018 financial results on Wednesday 2 May (globenewswire.com)
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of 3M from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut shares of 3M from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Stifel Nicolaus restated a “hold” rating and issued a $225.00 price objective (down previously from $251.00) on shares of 3M in a report on Monday, April 2nd. Vetr upgraded shares of 3M from a “buy” rating to a “strong-buy” rating and set a $256.47 price objective for the company in a report on Friday, March 23rd. Finally, Deutsche Bank upgraded shares of 3M from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $275.00 in a report on Tuesday, February 13th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $253.22.
NYSE MMM traded down $1.10 on Friday, hitting $217.75. 2,634,318 shares of the stock were exchanged, compared to its average volume of 2,427,750. The company has a quick ratio of 1.33, a current ratio of 1.86 and a debt-to-equity ratio of 1.04. 3M has a fifty-two week low of $190.59 and a fifty-two week high of $259.77. The stock has a market capitalization of $130,325.18, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14.
3M (NYSE:MMM) last posted its quarterly earnings results on Thursday, January 25th. The conglomerate reported $2.10 EPS for the quarter, topping the consensus estimate of $2.03 by $0.07. 3M had a net margin of 15.35% and a return on equity of 48.34%. The company had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. equities research analysts expect that 3M will post 10.56 earnings per share for the current fiscal year.
In other 3M news, EVP Michael F. Roman sold 4,146 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $246.65, for a total transaction of $1,022,610.90. Following the completion of the transaction, the executive vice president now owns 16,208 shares in the company, valued at approximately $3,997,703.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank R. Jr. Little sold 3,133 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $236.85, for a total transaction of $742,051.05. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock valued at $13,162,628 in the last quarter. 0.58% of the stock is currently owned by company insiders.
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3M Company Profile
3M Company operates as a diversified technology company worldwide. The company's Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.
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