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3M Company (NYSE:MMM) shares clocked seven straight sessions of gains, as the stock rose 1.5% at $157.69 on Tuesday.
The diversified technology services company gained 5% in the preceding six sessions. The stock has advanced nearly 22% so far this year, compared to an 8% rise in the broader S&P 500 Index.
3M announced Q2 earnings that topped estimates and upwardly revised full-year profit guidance, as cost-cutting measures and efforts to focus on high-margin products begin to pay off.
“3M’s diversified business segments, especially safety and industrial, continue to deliver high margins and growth despite some weakness in consumer and electronics,” pointed out a recent Seeking Alpha analysis.
Looking at Seeking Alpha’s Quant Rating, MMM has a Hold rating with a score of 3.3 out of 5. The company received D in the prospect of profitability, B- in momentum, while it got a D growth factor.
Turning to the Wall Street community, 11 analysts gave MMM a Buy and above rating. Four analysts have given the stock a Hold recommendation, while three recommended Sell or lower.
Seeking Alpha analysts are cautious and see the stock as a Hold.
More on 3M
- 3M: A Reliable American Giant
- 3M Company: Still Adjusting To Spinoff Of Solventum
- 3M: Time To Close Your Position (Rating Downgrade)
- 3M reverses lower as adjusted organic sales growth seen as disappointing
- 3M outlines $7.75–$8 EPS target for 2025 while accelerating product launches and margin expansion