3M Receives Hold Rating from Analysts Amid Mixed Outlook

3M Company (NYSE: MMM) has received a consensus "Hold" rating from the fifteen analysts currently covering the stock, according to MarketBeat. The breakdown includes one "Sell" rating, seven "Hold" ratings, and seven "Buy" ratings. The average 1-year price target among these analysts is $181.36.

Several analysts have recently adjusted their outlook on 3M. UBS Group raised its target price from $190.00 to $218.00 and maintained a "Buy" rating. Wells Fargo & Company initiated coverage with an "Equal Weight" rating and a $195.00 price target. Deutsche Bank increased its target to $194.00 with a "Hold" rating, while Sanford C. Bernstein upgraded the stock from "Underperform" to "Market Perform" with a target of $171.00. Citigroup boosted its target to $183.00 with a "Neutral" rating.

Insider activity at 3M includes Karin Chavez selling 3,635 shares at an average price of $182.51, totaling $663,423.85. This sale reduced her ownership by 20.57%. Institutional investors have also made moves, with firms like CX Institutional increasing its stake by 1,069.4% and Envestnet Portfolio Solutions growing its holdings by 18.3%.

3M's stock opened at $163.22, with a 52-week range of $139.34 to $184.90. The company reported a quarterly earnings per share of $2.40, exceeding estimates by $0.15. It also declared a quarterly dividend of $0.78 per share, representing a yield of 1.9%. 3M's market capitalization stands at $84.17 billion, with a debt-to-equity ratio of 3.63.