3M (NYSE:MMM) was the target of some unusual options trading activity on Tuesday. Traders acquired 23,494 call options on the stock, Analyst Ratings Net reports. This represents an increase of approximately 397% compared to the average volume of 4,723 call options.
A number of analysts have recently weighed in on MMM shares. Analysts at Zacks reiterated a “neutral” rating on shares of 3M in a research note on Tuesday, February 4th. They now have a $134.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of 3M from $143.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $138.46.
3M (NYSE:MMM) traded up 0.99% on Tuesday, hitting $130.98. The stock had a trading volume of 2,604,022 shares. 3M has a one year low of $101.75 and a one year high of $140.43. The stock has a 50-day moving average of $134.2 and a 200-day moving average of $125.1. The company has a market cap of $86.879 billion and a price-to-earnings ratio of 19.30.
3M (NYSE:MMM) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.61 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.70 billion. Analysts expect that 3M will post $7.47 EPS for the current fiscal year.
3M Company (NYSE:MMM) is a diversified technology company with a presence in the industrial and transportation; health care; consumer and office; safety, security and protection services; display and graphics, and electro and communications businesses.
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