3M (NYSE:MMM) Receives Media Impact Rating of 0.21
Media headlines about 3M (NYSE:MMM) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. 3M earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.9333047874418 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Revenue Estimates Analysis Marvell Technology Group Ltd. (MRVL) (expressnewsline.com)
- Brokerages Set Marvell Technology Group Ltd. (MRVL) Target Price at $18.14 (overnewsmagazine.com)
- 3M Co. :MMM-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
- 3M Company (NYSE:MMM) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
- 3M Company (NYSE:MMM) Trading Volume Significantly Lower – Modern Readers (modernreaders.com)
3M (MMM) traded up 0.02% on Wednesday, hitting $206.48. The company had a trading volume of 1,622,213 shares. 3M has a 12-month low of $163.85 and a 12-month high of $214.57. The firm’s 50 day moving average price is $209.15 and its 200 day moving average price is $195.17. The stock has a market cap of $123.22 billion, a P/E ratio of 23.55 and a beta of 1.08.
3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.86 billion. 3M had a return on equity of 47.83% and a net margin of 17.65%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.08 EPS. Equities analysts predict that 3M will post $8.94 earnings per share for the current fiscal year.
MMM has been the topic of a number of recent research reports. Vetr upgraded 3M from a “sell” rating to a “hold” rating and set a $183.19 price objective on the stock in a research note on Friday, April 14th. Barclays PLC restated an “overweight” rating and set a $201.00 price objective (up previously from $200.00) on shares of 3M in a research note on Wednesday, April 19th. Jefferies Group LLC boosted their price objective on 3M from $210.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Stifel Nicolaus boosted their price objective on 3M from $190.00 to $202.00 and gave the stock a “hold” rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group restated a “buy” rating on shares of 3M in a research note on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $203.40.
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In other news, insider James L. Bauman sold 14,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $195.81, for a total transaction of $2,861,958.96. Following the completion of the sale, the insider now owns 16,458 shares of the company’s stock, valued at $3,222,640.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Marlene Mary Mcgrath sold 14,766 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $194.88, for a total transaction of $2,877,598.08. Following the sale, the vice president now directly owns 24,480 shares of the company’s stock, valued at approximately $4,770,662.40. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
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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