MMM

3M Company (MMM) Soars 4.4% Defying Negative Growth Trend

Large-cap Health Care company 3M Company has logged a 4.4% change today on a trading volume of 2,903,211. The average volume for the stock is 3,682,740.

3M Company provides diversified technology services in the United States and internationally. Based in Saint Paul, United States the company has 92,000 full time employees and a market cap of $55,994,707,968. 3M Company currently offers its equity investors a dividend that yields 6.1% per year.

The company is now trading 0.54% away from its average analyst target price of $100.95 per share. The 16 analysts following the stock have set target prices ranging from $83.87 to $191.44, and on average give 3M Company a rating of hold.

The stock's 52 week high is $152.3 per share and its 52 week low is $92.38. With its gross margins declining an average -1.6% over the last 4 years, 3M Company may not have a strong enough business to reverse this trend.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 34,229,000 19,232,000 43.81 -6.47
2021-12-31 35,355,000 18,795,000 46.84 -3.24
2020-12-31 32,184,000 16,605,000 48.41 3.71
2019-12-31 32,136,000 17,136,000 46.68 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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