Shares of 3M moved 1.9% today, and are now trading at a price of $115.41. In contrast, the S&P 500 index saw a 2.9% change and the Dow Industrial Average posted a 3.1% performance. Today's trading volume was 1,631,265 compared to the stock's average volume of 9,580,962.
3M Company operates as a diversified technology company worldwide. Based in Saint Paul, the company has 95000 full time employees and a market cap of $62,357,639,168.00. 3M currently offers its equity investors a dividend that yields 5.2% per year.
The company is now trading -18.29% away from its average analyst target price of $141.25 per share. The 17 analysts following the stock have set target prices ranging from $120 to $210, and on average give 3M a rating of hold.
Over the last year, MMM shares have gone down by -36.4%, which represents a difference of -21.0% when compared to the S&P 500. The stock's 52 week high is $186.3 per share and its 52 week low is $110.39. With its gross margins declining an average -1.5% over the last four years, 3M may not have a strong enough business to reverse this trend.
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