3M Company Receives a Hold from RBC Capital

By Jason Carr

RBC Capital analyst Deane Dray reiterated a Hold rating on 3M Company (NYSE: MMM) on March 8 and set a price target of $187. The company’s shares closed last Friday at $191.21, close to its 52-week high of $191.24.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.2% and a 60.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

3M Company has an analyst consensus of Moderate Buy, with a price target consensus of $197.60.

The company has a one year high of $191.24 and a one year low of $159.35. Currently, 3M Company has an average volume of 1.9M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. Last month, Joaquin Delgado, the EVP of MMM sold 11,609 shares for a total of $2,107,557.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.