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 11.11% 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 49.33.
The shares of the company dipped by -3.14% during the trading session on Tuesday, reaching a low of $202.09 while ending the day at $202.20. During the trading session, a total of 2.69 million shares were traded which represents a -3.75% decline from the average session volume which is 2.59M shares. MMM had ended its last session trading at 208.76. 3M Company currently has a market cap of $118.41B, while its P/E ratio stands at 22.26, while its P/E earnings growth sits at 3.61, with a beta of 1.15. 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 Singular Research published a research note on August 28th, 2014 where it informed investors and clients that American Electric Technologies, Inc (NASDAQ:AETI) is now rated as Buy. Their price target on the stock stands at $8.40. Credit Suisse also rated AETI as Initiated on October 12th, 2018, with its price target of $15 suggesting that AETI could surge by 54.85% from its current share price. Even though the stock has been trading at $1.08/share, analysts expect it to surge higher by 37.96% to reach $3.30/share. It started the day trading at $1.72 and traded between $1.16 and $1.49 throughout the trading session.
A look at its technical shows that AETI’s 50-day SMA is 0.65 while its 200-day SMA stands at 0.94. The stock has a high of $2.53 for the year while the low is $0.40. The company’s P/E ratio currently sits at 11.29, while the P/B ratio is 1.62. The company’s average trading volume currently stands at 653.65K shares, which means that the short-interest ratio is just 0.28 days. Over the past seven days, the company moved, with its shift of 225.33%. Looking further, the stock has raised 53.61% over the past 90 days while it gained 10.37% over the last six months.