3M (MMM) Earns News Sentiment Score of 0.05
News stories about 3M (NYSE:MMM) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 3M earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news coverage about the conglomerate an impact score of 47.0595199937797 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- YY off 2.3% on new $463M share offering (seekingalpha.com)
- MyoKardia closes equity offering, gross proceeds almost $143M; shares up 2% (seekingalpha.com)
- BRIEF-Amy Hood elected to 3M board of directors (feeds.reuters.com)
- The company that invented Post-It notes is hiding invisible messages in signs to help self-driving cars see the world (MMM) (sfgate.com)
- Western Gas Partners, LP (WES) Position Boosted by Dividend Assets Capital LLC (fishinghd.com)
3M (NYSE MMM) traded up 0.67% during mid-day trading on Monday, reaching $207.37. The company’s stock had a trading volume of 1,264,439 shares. 3M has a 52 week low of $163.85 and a 52 week high of $214.57. The stock has a market capitalization of $123.75 billion, a price-to-earnings ratio of 23.65 and a beta of 1.08. The firm has a 50-day moving average of $207.78 and a 200-day moving average of $196.94.
3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $2.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.59 by $0.01. The firm had revenue of $7.81 billion during the quarter, compared to the consensus estimate of $7.86 billion. 3M had a net margin of 17.65% and a return on equity of 47.83%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 earnings per share. On average, equities research analysts expect that 3M will post $8.94 earnings per share for the current year.
Several research analysts have recently issued reports on MMM shares. Citigroup Inc. reaffirmed a “buy” rating and set a $229.00 price objective (up from $220.00) on shares of 3M in a research report on Saturday, June 3rd. BidaskClub cut 3M from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group reaffirmed a “buy” rating on shares of 3M in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “underweight” rating and set a $191.00 price objective (down from $193.00) on shares of 3M in a research report on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $210.00 price objective on shares of 3M in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $203.40.
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In related news, VP Marlene Mary Mcgrath sold 14,766 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $194.88, for a total value of $2,877,598.08. Following the completion of the sale, the vice president now directly owns 24,480 shares of the company’s stock, valued at $4,770,662.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.
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, electronics, 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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