The shares of 3M Company (NYSE:MMM) has been pegged with a rating of Buy by Gordon Haskett in its latest research note that was published on October 12th, 2018. Gordon Haskett wasn’t the only research firm that published a report of 3M Company, with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on October 12th, 2018, to Outperform the MMM stock. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on August 21st, 2018. That day the Morgan Stanley set price target on the stock to $212. The stock was given Hold rating by Jefferies in its report released on May 16th, 2018. RBC Capital Mkts was of a view that MMM is Outperform in its latest report on May 3rd, 2018 while giving it a price target of $238. Stifel thinks that MMM is worth Hold rating. This was contained in the firm’s report on April 3rd, 2018 in which the stock’s price target was also moved to $225.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $205.13. The price of the stock the last time has raised by 10.28% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.84.
The shares of the company added by 0.42% during the trading session on Tuesday, reaching a low of $196.78 while ending the day at $200.69. During the trading session, a total of 2.08 million shares were traded which represents a 19.12% incline from the average session volume which is 2.57M shares. MMM had ended its last session trading at 199.86. 3M Company currently has a market cap of $117.98B, while its P/E ratio stands at 22.09, while its P/E earnings growth sits at 3.60, with a beta of 1.10. 3M Company debt-to-equity ratio currently stands at 1.45, while its quick ratio hovers at 1.40. MMM 52-week low price stands at $181.98 while its 52-week high price is $259.77.
The company in its last quarterly report recorded $2.58 earnings per share which is below the $2.70 predicted by most analysts. The 3M Company generated $8,152.00 million in revenue during the last quarter, which is slightly lower than the $8,394.74 million predicted by analysts. In the second quarter last year, the firm recorded $2.59 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -0.39%. 3M Company has the potential to record 9.08 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Mizuho published a research note on November 14th, 2018 where it informed investors and clients that Invitation Homes Inc. (NYSE:INVH) is now rated as Neutral. Credit Suisse also rated INVH as Initiated on October 12th, 2018, with its price target of $2.50 suggesting that INVH could surge by 16.43% from its current share price. Even though the stock has been trading at $20.95/share, analysts expect it to surge higher by 1.48% to reach $25.44/share. It started the day trading at $21.305 and traded between $20.76 and $21.26 throughout the trading session.
A look at its technical shows that INVH’s 50-day SMA is 21.95 while its 200-day SMA stands at 22.54. The company’s average trading volume currently stands at 2.05M shares, which means that the short-interest ratio is just 10.16 days. Over the past seven days, the company moved, with its shift of 1.63%. Looking further, the stock has dropped -9.42% over the past 90 days while it lost -5.17% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more INVH shares, decreasing its portfolio by -0.07% during the last quarter. This move now sees The Vanguard Group Inc selling -27,712 shares in the last quarter, thus it now holds 41,481,771 shares of INVH, with a total valuation of $907,621,149. Cohen Steers Capital Management meanwhile bought more INVH shares in the recently filed quarter, changing its stake to $744,064,124 worth of shares. Principal Global Investors LLC followed the path by decreasing its INVH portfolio by -3.05% in the quarter. This means that Principal Global Investors LLC sold -714,293 shares in the last quarter and now controls 22,728,959 shares of the INVH stock, with the valuation hitting $497,309,623.
Similarly, APG Asset Management US Inc increased its Invitation Homes Inc. shares by +5.94% during the recently filed quarter. After buying 769,872 shares in the last quarter, the firm now controls 13,739,872 shares of Invitation Homes Inc. which are valued at $300,628,399. In the same vein, Principal Real Estate Investors L increased its Invitation Homes Inc. shares by during the most recent reported quarter. The firm bought 1,123,666 shares during the quarter which increased its stakes to 12,588,090 shares and is now valued at $275,427,409. Following these latest developments, around 0.30% of Invitation Homes Inc. stocks are owned by institutional investors and hedge funds.