Barclays Gives a Buy Rating to 3M Company

By Ryan Adsit

Barclays analyst Scott Davis maintained a Buy rating on 3M Company (NYSE: MMM) on April 17 and set a price target of $201. The company’s shares closed yesterday at $190.22.

According to TipRanks.com, Davis is a 3-star analyst with an average return of 1.1% and a 58.6% success rate. Davis covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on 3M Company is Moderate Buy and the average price target is $201.60, representing a 6.0% upside.

In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $219 price target.

3M Company’s market cap is currently $112.6B and has a P/E ratio of 23.33. The company has a book value ratio of 11.0306.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, 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.