Royal Bank Of Canada Lowers 3M (NYSE:MMM) Price Target to $133.00

3M (NYSE:MMM) had its target price cut by equities research analysts at Royal Bank Of Canada from $134.00 to $133.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has an “underperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 8.19% from the company’s previous close.

MMM has been the topic of several other research reports. Citigroup cut their price target on 3M from $175.00 to $166.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Barclays cut their price target on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft increased their price objective on 3M from $179.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Finally, Wolfe Research dropped their price objective on 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.17.

3M Price Performance

Shares of NYSE MMM opened at $144.86 on Wednesday. The stock’s 50-day moving average is $153.13 and its two-hundred day moving average is $160.11. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.33. 3M has a 1-year low of $134.85 and a 1-year high of $177.41. The company has a market cap of $75.55 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.09.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same quarter in the prior year, the business earned $1.88 EPS. 3M’s revenue was up 1.3% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Analysts forecast that 3M will post 8.69 EPS for the current fiscal year.

Insider Transactions at 3M

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the transaction, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. This trade represents a 66.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of 3M

A number of hedge funds have recently added to or reduced their stakes in MMM. SG Americas Securities LLC lifted its position in 3M by 653.6% during the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after acquiring an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in 3M during the 4th quarter worth approximately $65,009,000. Align Financial LLC acquired a new stake in 3M during the 4th quarter worth approximately $4,101,000. Allstate Corp lifted its position in 3M by 107.1% during the 4th quarter. Allstate Corp now owns 41,212 shares of the conglomerate’s stock worth $6,598,000 after acquiring an additional 21,316 shares during the period. Finally, BNP Paribas lifted its position in 3M by 219.5% during the 4th quarter. BNP Paribas now owns 25,718 shares of the conglomerate’s stock worth $4,118,000 after acquiring an additional 17,669 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

3M News Summary

Here are the key news stories impacting 3M this week:

• Positive Sentiment: HSBC raised its price target to $185 and kept a Buy rating, signaling sizable upside vs. current levels and supporting upside expectations. MarketScreener
• Positive Sentiment: Wells Fargo bumped its target to $165 and maintained an Overweight rating, another upward revision that lends support to the stock. Benzinga
• Positive Sentiment: Jefferies raised its target to $170 (Hold), part of a cluster of raises that reflect confidence in operational improvements and margin progress. MarketScreener
• Positive Sentiment: Analyst commentary/coverage (Seeking Alpha) upgraded the tone to “Time To Start Nibbling,” highlighting the EPS beat, cash flow improvements and a potentially attractive entry point for long-term investors. Seeking Alpha
• Positive Sentiment: Q1 deep-dive coverage notes 3M beat non-GAAP EPS ($2.14 vs. consensus ~$1.98) and cited productivity gains and strategic moves; revenue was roughly flat (~$6.0B). The operational beat supports management’s FY guidance. Yahoo Finance
• Neutral Sentiment: JPMorgan trimmed its target slightly to $178 and kept a Neutral rating — a small downgrade in target but no change in conviction, suggesting mixed analyst views rather than a broad negative shift. MarketScreener
• Neutral Sentiment: Deutsche Bank cut its target to $171 but kept a Hold — another modest reset that reflects tempered upside while leaving longer-term fundamentals intact. MarketScreener
• Negative Sentiment: RBC lowered its target to $133 and kept an Underperform rating, the most bearish call among recent notes — this raises near-term selling pressure and contributes to the stock’s decline. MarketScreener

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).