Top25-SA-Banner

Tigress Financial Sticks to Its Buy Rating for 3M Company (MMM)


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.

See today’s analyst top recommended stocks >>

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.

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.