3M (NYSE: MMM) saw its price target lowered by equity researchers at JPMorgan Chase & Co. from $ 210.00 to $ 205 in a research note released to investors Wednesday, The Fly reports. The brokerage firm currently has a “neutral” rating on the shares of the conglomerate. JPMorgan Chase & Co.’s target price would indicate a potential rise of 12.66% from the current share price.

MMM has been the subject of a number of other research reports. Wells Fargo & Company raised its price target for 3M from $ 179.00 to $ 180.00 and gave the stock an “equal weight” rating in a research report published on Wednesday, October 27. The UBS Group reduced its price target on 3M from $ 183.00 to $ 172.00 and set a “sell” rating for the company in a research report published on Friday, September 17. Morgan Stanley raised its 3M price target from $ 193.00 to $ 194.00 and gave the stock an “equal weight” rating in a research report published on Wednesday, October 27. Credit Suisse Group reduced its price target on 3M from $ 202.00 to $ 201.00 and established a “neutral” rating for the company in a research report published on Wednesday, October 27. Finally, Argus raised its price target on 3M from $ 220.00 to $ 225.00 and gave the stock a “buy” rating in a research report published on Wednesday, July 28. They noted that the move was an appraisal call. Four analysts gave the stock a sell rating, seven issued a conservation rating and three gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average “Hold” rating and a consensus target price of $ 195.08.

MMM stock opened at $ 181.97 on Wednesday. 3M has a fifty-two week low of $ 159.90 and a fifty-two week high of $ 208.95. The company’s 50-day moving average is $ 183.18 and its two-hundred-day moving average is $ 193.96. The company has a debt to equity ratio of 1.11, a quick ratio of 1.19, and a current ratio of 1.70. The company has a market cap of $ 105.30 billion, a price / earnings ratio of 17.86, a P / E / G ratio of 1.92, and a beta of 0.96.

3M (NYSE: MMM) last released its results on Monday, October 25. The conglomerate reported earnings per share of $ 2.45 for the quarter, beating analysts’ consensus estimates of $ 2.21 by $ 0.24. The company posted revenue of $ 8.94 billion for the quarter, compared to a consensus estimate of $ 8.67 billion. 3M had a return on equity of 42.80% and a net margin of 16.90%. 3M revenue grew 7.1% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 2.43. Stock analysts predict 3M will post earnings per share of 9.86 for the current year.

Meanwhile, insider Khandpur K. Ashish sold 6,505 shares in a trade that took place on Monday, August 9. The stock was sold at an average price of $ 196.86, for a total trade of $ 1,280,574.30. Following the closing of the transaction, the insider now directly owns 26,855 shares of the company, valued at $ 5,286,675.30. The sale was disclosed in a filing with the SEC, which is available through this link. Additionally, insider Jeffrey R. Lavers sold 6,025 shares in a trade that took place on Wednesday, August 11. The shares were sold for an average price of $ 200.00, for a total value of $ 1,205,000.00. As a result of the transaction, the insider now directly owns 10,973 shares of the company, valued at $ 2,194,600. Disclosure of this sale can be found here. In the past three months, insiders have sold 15,766 shares of the company valued at $ 3,126,076. 0.34% of the shares are held by insiders.

Several large investors have recently bought and sold shares in the company. Alphastar Capital Management LLC raised its stake in 3M shares by 21.9% in the 3rd quarter. Alphastar Capital Management LLC now owns 7,308 shares of the conglomerate valued at $ 1,331,000 after purchasing an additional 1,313 shares in the last quarter. Martin & Co. Inc. TN increased its stake in 3M shares by 9.4% in the 3rd quarter. Martin & Co. Inc. TN now owns 6,011 shares of the conglomerate valued at $ 1,054,000 after purchasing 515 additional shares during the last quarter. Eagle Ridge Investment Management increased its stake in 3M shares by 3.7% in the 3rd quarter. Eagle Ridge Investment Management now owns 12,117 shares of the conglomerate valued at $ 2,126,000 after purchasing an additional 432 shares in the last quarter. Financial Management Professionals Inc. increased its stake in 3M shares by 7.3% in the third quarter. Financial Management Professionals Inc. now owns 906 shares of the conglomerate valued at $ 159,000 after purchasing 62 additional shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in 3M shares by 9.7% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 5,558 shares of the conglomerate valued at $ 975,000 after purchasing an additional 490 shares in the last quarter. 66.73% of the shares are held by institutional investors and hedge funds.

About 3M

3M Co is a technology company that manufactures industrial, safety and consumer products. It operates in the following sectors: security and industry, transport and electronics, healthcare and consumer. The Security & Industry segment includes personal security, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket and roofing pellets.

Further Reading: How to Identify Percentages of Decline

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should You Invest $ 1,000 In 3M Now?

Before you consider 3M, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and 3M was not on the list.

While 3M currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here