The shares of 3M Company (NYSE:MMM) has been pegged with a rating of Hold by Gordon Haskett in its latest research note that was published on April 29th, 2019. 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. Argus advised investors in its research note published on April 26th, 2019, to Hold the MMM stock. The stock had earned Neutral rating from BofA/Merrill when it published its report on April 26th, 2019. The stock was given Buy rating by Gordon Haskett in its report released on October 12th, 2018. Credit Suisse was of a view that MMM is Outperform in its latest report on October 12th, 2018. Morgan Stanley thinks that MMM is worth Equal-Weight rating. This was contained in the firm’s report on August 21st, 2018 in which the stock’s price target was also moved to $212.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 12 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $204.44. The price of the stock the last time has raised by 1.27% 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 20.69.
The shares of the company dipped by -2.14% during the trading session on Tuesday, reaching a low of $177.81 while ending the day at $179.12. During the trading session, a total of 5.27 million shares were traded which represents a -111.69% decline from the average session volume which is 2.49M shares. MMM had ended its last session trading at 183.04. 3M Company currently has a market cap of $104.01B, while its P/E ratio stands at 19.12, while its P/E earnings growth sits at 3.22, with a beta of 0.99. 3M Company debt-to-equity ratio currently stands at 1.49, while its quick ratio hovers at 1.30. MMM 52-week low price stands at $176.87 while its 52-week high price is $219.75.
The company in its last quarterly report recorded $2.23 earnings per share which is below the $2.49 predicted by most analysts. The 3M Company generated $7,863.00 million in revenue during the last quarter, which is slightly lower than the $8,024.90 million predicted by analysts. In the second quarter last year, the firm recorded $2.31 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -3.59%. 3M Company has the potential to record 9.37 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Keefe Bruyette published a research note on March 26th, 2019 where it informed investors and clients that UBS Group AG (NYSE:UBS) is now rated as Mkt Perform. Argus also rated UBS as Initiated on April 26th, 2019, with its price target of $90 suggesting that UBS could surge by 22.9% from its current share price. Even though the stock has been trading at $12.56/share, analysts expect it to surge higher by -2.71% to reach $15.85/share. It started the day trading at $12.32 and traded between $12.18 and $12.22 throughout the trading session.
A look at its technical shows that UBS’s 50-day SMA is 12.61 while its 200-day SMA stands at 13.78. The stock has a high of $16.68 for the year while the low is $11.60. The company’s P/E ratio currently sits at 11.51, while the P/B ratio is 0.84. At the moment, only of UBS Group AG shares were sold short. The company’s average trading volume currently stands at 3.19M shares, which means that the short-interest ratio is just 5.87 days. Over the past seven days, the company moved, with its shift of -9.08%. Looking further, the stock has dropped -6.14% over the past 90 days while it lost -13.88% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Massachusetts Financial Services bought more UBS shares, increasing its portfolio by +1.76% during the last quarter. This move now sees Massachusetts Financial Services purchasing 2,785,445 shares in the last quarter, thus it now holds 160,907,868 shares of UBS, with a total valuation of $2,162,601,746. Dodge Cox meanwhile bought more UBS shares in the recently filed quarter, changing its stake to $1,730,427,243 worth of shares. UBS Securities LLC followed the path by increasing its UBS portfolio by +33.01% in the quarter. This means that UBS Securities LLC bought 30,698,610 shares in the last quarter and now controls 123,696,180 shares of the UBS stock, with the valuation hitting $1,662,476,659.
Similarly, Credit Suisse Securities increased its UBS Group AG shares by +3.28% during the recently filed quarter. After buying 3,058,117 shares in the last quarter, the firm now controls 96,294,888 shares of UBS Group AG which are valued at $1,294,203,295. In the same vein, Norges Bank Investment Management decreased its UBS Group AG shares by during the most recent reported quarter. The firm sold -32,162,423 shares during the quarter which decreased its stakes to 94,812,050 shares and is now valued at $1,274,273,952. Following these latest developments, around of UBS Group AG stocks are owned by institutional investors and hedge funds.