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3M (NYSE:MMM) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday.   

Several other brokerages have also issued reports on MMM.

  • JPMorgan Chase & Co. decreased their price target on shares of 3M from $154.00 to $143.00 and set an “underweight” rating for the company in a research note on Friday, May 17th.
  • Argus lowered shares of 3M from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.
  • Zacks Investment Research lowered shares of 3M from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd.
  • Morgan Stanley decreased their price target on shares of 3M from $201.00 to $199.00 and set an “equal weight” rating for the company in a research note on Friday, March 22nd.
  • Finally, Bank of America lowered shares of 3M from a “buy” rating to a “neutral” rating in a research note on Friday, April 26th. 

Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. 3M presently has an average rating of “Hold” and an average price target of $191.15.

Shares of MMM stock traded down $2.81 during trading hours on Monday, hitting $169.19. The company’s 50-SMA price is $168.49. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.02 and a quick ratio of 1.38. 3M has a 52-week low of $159.32 and a 52-week high of $219.75. The firm has a market cap of $99.15 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.