3M Given Consensus Rating of "Hold" by Brokerages

3M (NYSE:MMM) has been given an average rating of "Hold" by the fourteen ratings firms that are currently covering the company, iAbrasive reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $141.08.

Shares of 3M opened at 140.45 on Friday. 3M has a 1-year low of $107.15 and a 1-year high of $143.37. The stock has a 50-day moving average of $137. and a 200-day moving average of $133.1. The company has a market cap of $91.893 billion and a price-to-earnings ratio of 20.43.

3M last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.01. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that 3M will post $7.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, May 21st.

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