The 3M Company (MMM), formerly known as the Minnesota Mining and Manufacturing Company (1902–2002), is an American multinational conglomerate corporation based in Maplewood, Minnesota, a suburb of St. Paul. With $30 billion in annual sales, 3M employs 88,000 people worldwide and produces more than 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products (sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection), electronic circuits, and optical films. 3M has operations in more than 65 countries including 29 international companies with manufacturing operations and 35 companies with laboratories. 3M products are available for purchase through distributors and retailers in more than 200 countries, and online directly from the company.
Reported before open today (4/26/16) Earnings: EPS $2.05 Revenue $7,409M Estimates: EPS $1.92 Revenue $7,317M
Reported before open today (7/26/16) Earnings: EPS $2.08 Revenue $7.7B Estimates: EPS $2.07 Revenue $7.71B Down 1.10% today
Analyst Upgrade/Downgrade Update Brokerage firm: Barclays Change: Upgrade Previous Rating: Equal Weight Current Rating: Overweight Previous Price Target: $171 Current Price Target: $194
3M tops 3Q profit forecasts ST PAUL, Minn. (AP) _ 3M Co. (MMM) on Tuesday reported third-quarter earnings of $1.33 billion. The St Paul, Minnesota-based company said it had profit of $2.15 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share. The maker of Post-it notes, industrial coatings and ceramics posted revenue of $7.71 billion in the period, matching Street forecasts. 3M shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. The stock has risen nearly 10 percent in the last 12 months.
Analyst Upgrade/Downgrade Update Brokerage firm: RBC Capital Mkts Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Underperform Previous Price Target: $159 Current Price Target: $155
I've held 3M stock for 31 years....some in paper certificates. That was before the common man had internet. Yes, that's right, the olden days. I was a couple years out of college. I owned those certificates and a 1985 Pontiac Fiero. I still own 3M. Edit: Oh yeah, and a Radio Shack TRS-80 with cassette tape storage; an original nerd with a computer.
Analyst Upgrade/Downgrade Update Brokerage firm: Goldman Change: Downgrade Previous Rating: Neutral Current Rating: Sell Previous Price Target: N/A Current Price Target: N/A
I am looking to short 3M Co (NYSE:MMM) at $182.00 based on some obvious observations on the stock chart. During July, August and September of 2016, 3M Co hammered on $182 to the upside many times. Each time it struck $182.00, the stock was pushed back down. Finally, the path of least resistance was taken which was the downside. The stock fell to a recent low of $163.85. Since Donald Trump wont the election, the markets have soared. A rising tide lifts all boats and 3M Co is enjoying the upside. Sure enough, 3M is approaching the $182.00 level once more. History is likely to repeat with this being an epic resistance level. I am preparing to short in the next few days when it hits this price point.
Do you guys thing 3M is bearish still? It has fallen quite a bit, I was wondering if I should hold out longer before I pull the trigger on it.
