CSRA (CSRA) Reaches $27.68 52-Week Low; 3M Company (MMM) Shorts Decreased By 24.31%

November 15, 2017 - By Nellie Frank

3M Company (NYSE:MMM) had a decrease of 24.31% in short interest. MMM’s SI was 6.88M shares in November as released by FINRA. Its down 24.31% from 9.09M shares previously. With 2.55 million avg volume, 3 days are for 3M Company (NYSE:MMM)’s short sellers to cover MMM’s short positions. The SI to 3M Company’s float is 1.15%. About 180,306 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since November 15, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

The stock of CSRA Inc (NYSE:CSRA) hit a new 52-week low and has $25.74 target or 7.00% below today’s $27.68 share price. The 6 months bearish chart indicates high risk for the $4.52B company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $25.74 price target is reached, the company will be worth $316.40M less. About 40,841 shares traded. CSRA Inc (NYSE:CSRA) has risen 16.97% since November 15, 2016 and is uptrending. It has outperformed by 0.27% the S&P500.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.10, from 0.81 in 2017Q1. It is positive, as 45 investors sold 3M Co shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Harding Loevner L P reported 0.78% of its portfolio in 3M Co (NYSE:MMM). Acropolis Investment Mgmt Limited Liability Com reported 0.43% in 3M Co (NYSE:MMM). 153,500 are held by Schwartz Inv Counsel. Catawba Capital Mgmt Va holds 1.12% or 23,567 shares. Lederer And Associates Inv Counsel Ca accumulated 970 shares. Anchor Ltd reported 0.7% in 3M Co (NYSE:MMM). Liberty Cap Mngmt holds 2,475 shares. California-based Tarbox Family Office Inc has invested 0.34% in 3M Co (NYSE:MMM). Altavista Wealth Mngmt stated it has 0.14% of its portfolio in 3M Co (NYSE:MMM). Fred Alger Mgmt Inc reported 4,183 shares. Yhb Investment Advsrs Inc invested 0.43% of its portfolio in 3M Co (NYSE:MMM). Mondrian Prns Ltd reported 300 shares. Tower Capital Ltd Liability (Trc) stated it has 10,391 shares. Sumitomo Mitsui Trust Holdings has invested 0.57% in 3M Co (NYSE:MMM). St Johns Investment Mngmt Commerce Ltd Liability holds 8,610 shares or 1.35% of its portfolio.

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Co (NYSE:MMM) has “Sector Perform” rating given on Wednesday, December 7 by RBC Capital Markets. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 15. The stock of 3M Co (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Monday, July 10. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 25. The firm has “Buy” rating given on Tuesday, June 6 by Bank of America. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, July 26 report. Jefferies maintained 3M Co (NYSE:MMM) rating on Tuesday, September 26. Jefferies has “Buy” rating and $234.0 target. The stock of 3M Co (NYSE:MMM) earned “Buy” rating by Citigroup on Monday, October 9. The stock has “Hold” rating by Deutsche Bank on Tuesday, August 25. Jefferies maintained the shares of MMM in report on Monday, August 14 with “Buy” rating.

3M Company is a technology company. It operates through five divisions. The company has market cap of $135.49 billion. The Industrial segment serves a range of markets, such as automotive original equipment maker and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. It has a 25.39 P/E ratio. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Among 10 analysts covering CSRA (NYSE:CSRA), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. CSRA had 15 analyst reports since December 1, 2015 according to SRatingsIntel. As per Thursday, January 12, the company rating was initiated by RBC Capital Markets. The firm has “Buy” rating by R. F. Lafferty given on Monday, February 22. The stock of CSRA Inc (NYSE:CSRA) has “Buy” rating given on Monday, February 22 by RF Lafferty. The stock of CSRA Inc (NYSE:CSRA) has “Buy” rating given on Friday, September 15 by Suntrust Robinson. The firm has “Hold” rating given on Thursday, October 5 by Jefferies. On Thursday, May 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of CSRA Inc (NYSE:CSRA) earned “Outperform” rating by Raymond James on Friday, December 11. On Wednesday, February 24 the stock rating was initiated by Stifel Nicolaus with “Buy”. Jefferies initiated the shares of CSRA in report on Wednesday, January 20 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, April 5 by Evercore.

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