Did 3M Company (MMM) Catch A Cold, Flu Or Worse?

Wall Street analysts will be watching closely when 3M Company (NYSE:MMM) reports its quarterly earnings next, which is scheduled for Tue 29 Jan (In 19 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $2.73 per share. In the preceding quarter, the company reportedly generated EPS of $2.58 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 22.40%, a profit margin of 13.80% and a gross margin of 49.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of 3M Company (NYSE:MMM). Most recently, on October 12th, 2018, Gordon Haskett Initiated a Buy rating. Before that, on October 12th, 2018, Credit Suisse Initiated to Outperform. Morgan Stanley Initiated a Equal-Weight rating on August 21st, 2018, Jefferies Downgrade an Hold rating on May 16th, 2018, and RBC Capital Mkts Upgrade a Outperform rating on May 3rd, 2018.

At its current price point, combined with the fact that this company has 585.60M shares outstanding, the current market capitalization sits at 113.37B. In the last trading day, 1,936,558 shares of 3M Company were traded, which compares to its usual volume of about 2.76M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $9.84 in the past five trading days, resulting in a percentage change of +5.35% and a moving average of 191.96. In the past 20 days, its price changed by -$3.86 (which is -1.95%) and the stock’s moving average was 190.82. Looking back a full 50 days, shares of MMM changed by $8.65 (which is +4.68%) and demonstrated a moving average of 195.93.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 88.41%, a 14-day Stochastic %K score of 79.54% and a 20-day Stochastic %K score of 60.80%. Using a similar metric, 3M Company (MMM) shares showed a Stochastic %D of 88.46% over the past 9 days, a Stochastic %D score of 71.01% over the last 14 days, and a 20-day Stochastic %D of 56.87%. Meanwhile, this stock’s MACD Oscillator was 2.04 over the past 9 days, 3.88 over the past two weeks, and 1.70 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $193.60 level. Over the past 12 months, this stock has experienced a high price of $259.77 and a low of $176.87. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from 3M Company (NYSE:MMM) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 48,039,438 shares of the company’s stock following the addition of 58,624 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 8.25% stake in 3M Company (MMM)’s shares.

Just in the most recent trading day, 3M Company (NYSE:MMM) experienced a high price of $193.81 and low point of $189.4. At the end of the last trading session, this stock was at 193.6 per share, following a loss of -$1.43, or 0.68% during the full day.