3M Co (MMM): Today's Featured Conglomerates Winner
(
) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 1.5%. By the end of trading, 3M rose $2.09 (1.9%) to $111.54 on light volume. Throughout the day, 2,042,746 shares of 3M exchanged hands as compared to its average daily volume of 2,904,300 shares. The stock ranged in a price between $109.87-$111.56 after having opened the day at $110.37 as compared to the previous trading day's close of $109.45. Other companies within the Conglomerates sector that increased today were:
(
), up 6.4%,
(
), up 4.2%,
(
), up 2.9% and
(
), up 2.2%.
3M Company operates as a diversified technology company worldwide. 3M has a market cap of $75.0 billion and is part of the conglomerates industry. Shares are up 17.9% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate 3M a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
3M
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full 3M Ratings Report.
- Use our conglomerates section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider
(
) while those bearish on the conglomerates sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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