3M Co (MMM) Is At $205.94 Formed Wedge; Ohio Valley Banc (OVBC) Sentiment Is 1.2

June 9, 2017 - By marketbeat

Ohio Valley Banc Corp. is a financial holding company. The company has market cap of $160.79 million. The Firm has a banking subsidiary, The Ohio Valley Bank Company . It has a 21.15 P/E ratio. The Company’s financial service activities are aggregated in two divisions: banking and consumer finance.

3M Co (MMM) formed wedge up with $224.47 target or 9.00% above today’s $205.94 share price. 3M Co (MMM) has $122.76B valuation. The stock increased 0.45% or $0.93 during the last trading session, reaching $205.94. About 2 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since June 9, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Since January 1, 0001, it had 1 insider purchase, and 0 selling transactions for $1,400 activity.

Wesbanco Bank Inc holds 0.09% of its portfolio in Ohio Valley Banc Corp. for 56,007 shares. Bridgeway Capital Management Inc owns 25,900 shares or 0.01% of their US portfolio. Moreover, Assetmark Inc has 0% invested in the company for 7,251 shares. The Delaware-based Blackrock Advisors Llc has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 781 shares.

The stock increased 0.59% or $0.2 on June 8, reaching $34.1. About shares traded. Ohio Valley Banc Corp. (OVBC) has risen 53.39% since June 9, 2016 and is uptrending. It has outperformed by 36.69% the S&P500.

Analysts await Ohio Valley Banc Corp. (NASDAQ:OVBC) to report earnings on July, 26.

Analysts await 3M Co (NYSE:MMM) to report earnings on July, 25. They expect $2.44 earnings per share, up 17.31% or $0.36 from last year’s $2.08 per share. MMM’s profit will be $1.45B for 21.10 P/E if the $2.44 EPS becomes a reality. After $2.16 actual earnings per share reported by 3M Co for the previous quarter, Wall Street now forecasts 12.96% EPS growth.

Among 11 analysts covering 3M (NYSE:MMM), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. 3M had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”. The firm has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. Jefferies maintained the shares of MMM in report on Thursday, June 1 with “Buy” rating. Goldman Sachs downgraded 3M Co (NYSE:MMM) on Monday, November 21 to “Sell” rating. The company was maintained on Tuesday, March 15 by Credit Suisse. Barclays Capital upgraded 3M Co (NYSE:MMM) rating on Monday, October 24. Barclays Capital has “Overweight” rating and $194 target. On Friday, May 26 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained the stock with “Underperform” rating in Friday, July 24 report. The stock of 3M Co (NYSE:MMM) earned “Underperform” rating by RBC Capital Markets on Tuesday, August 4. The stock has “Underperform” rating by RBC Capital Markets on Wednesday, December 16.

Since December 13, 2016, it had 0 insider purchases, and 15 insider sales for $31.62 million activity. Roman Michael F had sold 4,036 shares worth $726,480 on Tuesday, December 13. $8.41M worth of 3M Co (NYSE:MMM) shares were sold by Shin Hak Cheol. $1.41 million worth of 3M Co (NYSE:MMM) was sold by THULIN INGE G on Thursday, February 9. Gangestad Nicholas C sold 2,888 shares worth $523,613. Another trade for 8,440 shares valued at $1.53 million was sold by Keel Paul A. $2.88 million worth of 3M Co (NYSE:MMM) was sold by McGrath Marlene Mary. Bauman James L sold $2.86 million worth of stock.