3M Company (NYSE:MMM) rose 1.91% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -13.28% and is now down by -13.18% since start of this year. A look at its monthly performance shows that the stock has recorded a 9.98% gain over the past 30 days. Its equity price dipped by -2.91% over the past three months which led to its overall six-month increase to stand at 3.6%.
The shares of 3M Company (MMM) dropped by -21.34% or -$55.43 from its last recorded high of $259.77 which it attained on January 26 to close at $204.34 per share. Over the past 52 weeks, the shares of 3M Company has been trading as low as $181.98 before witnessing a massive surge by 12.29% or $22.36. This price movement has led to the MMM stock receiving more attention and has become one to watch out for. It jumped by 1.82% on Wednesday and this got the market excited. The stock’s beta now stands at 1.1 and when compared to its 200-day moving average and its 50-day moving average, MMM price stands -1.93% below and 1.03% above respectively. Its average daily volatility for this week is 1.86% which is less than the 2.11% recorded over the past month.
Experts from research firms are bullish about the near-term performance of 3M Company with most of them predicting a $205.13 price target on a short-term (12 months) basis. The average price target by the analysts will see a 0.39% rise in the stock and would lead to MMM’s market cap to surge to $120.59B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 19 analysts that track 3M Company (NYSE:MMM) and find out that 8 of them rated it as a Hold. 7 of the 11 analysts rated it as a Buy or a Strong Buy while 4 advised investors to desist from buying the stock or sell it if they already possess it.
A look at MMM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.03 point. Its trading volume has lost -402024 shares compared to readings over the past three months as it recently exchanged 2177976 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2580000 shares, and this is 0.84 times the normal volume.
Analysts have predicted a price target for Coty Inc. (COTY) for 1 year and it stands at an average $10.7/share. This means that it would likely increase by 25.59% from its current position. The current price of the stock has been moving between $8.49 and $8.72. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $8. On the other hand, one analyst is super bullish about the price, setting a target as high as $18.
Analysts view Coty Inc. (NYSE:COTY) as a Hold, with 2.7 consensus rating. Reuters surveyed 16 analysts that follow COTY and found that 9 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Coty Inc. (COTY) shares or sell it if they already own it.