Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on 3M Company (NYSE: MMM) today. The company’s shares opened today at $207.88.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 19.7% and a 71.9% success rate. Feinseth covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Bloomin’ Brands, and Starbucks Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for 3M Company with a $221.75 average price target.
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Based on 3M Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.39 billion and net profit of $1.86 billion. In comparison, last year the company earned revenue of $7.81 billion and had a net profit of $1.58 billion.
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. Last month, Jon Lindekugel, the SVP of MMM sold 6,410 shares for a total of $1,301,230.
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