How Is 3M Company (MMM)’s Price-To-Earnings Ratio?

As of Friday close, 3M Company’s (NYSE:MMM) stock was down -$0.29, moving down -0.19 percent to $149.30. The average number of shares traded per day over the past five days has been 3,197,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 3,066,385, while in the previous 50 days, it was 3,149,354.

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Since last month, MMM stock rose 0.43%. Shares of the company fell to $142.87 on 04/26/22, the lowest level in the past month. A 52-week high of $206.81 was reached on 01/05/22 after having rallying from a 52-week low of $139.74. Since the beginning of this year, MMM’s stock price has dropped by -15.95% or -$28.33, and marked a new high 3 times. However, the stock has declined by -27.81% since its 52-week high.

3M Company (MMM) last reported insider trading activity 11 days ago on May 03. Roman Michael F, the Chairman and CEO of the company, disposed of 10,610 shares for $146.21 on May 03. It resulted in a $1,551,288 divestment by the insider. Lavers Jeffrey R sold 6,025 shares at an average price of $200.00 on Aug 11. The insider now owns 4,948 shares following the transaction. On Aug 10, Executive Vice President Banovetz John Patrick sold 3,236 shares at $197.93 apiece. The transaction was valued at $640,498.

Valuation Metrics

Right now, 3M Company (MMM) has a P/E ratio of about 15.55. The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 2.40, the price-to-book (PB) ratio of 5.72, and the price-to-cash flow ratio of 51.59 may also be considered.

The latest dividend of $1.49 per share was paid out, remained unchanged from last year’s $1.49. On Tuesday February 8 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, 3M Company’s quick ratio stood at 1.00, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.99, and the total debt-to-equity ratio was 1.12. On the profitability front, the trailing twelve-month gross margin is 46.00% percent. In the year ended March 30, operating margins totaled 19.90%. Based on annual data, MMM earned $16.56 billion in gross profit and brought in $35.35 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.70%. Return on equity (ROE) for the past 12 months was 38.00%.

In 3M Company’s quarter-end financial report for March 30, it reported total debt of $14.8 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MMM’s revenue fell -0.25% to $8.61 billion during the quarter, while net income inched up to $8.83 billion. While analysts expected 3M Company to report $2.31 quarterly earnings, the actual figure was $2.65 per share, beating the consensus estimate by 14.70%. During the quarter, the company generated $2.1 billion in EBITDA. The liabilities of 3M Company were 30.85 billion at the end of its most recent quarter ended March 30, and its total debt was $17.6 billion. The value of shareholders’ equity is $569.06 million.

Technical Picture

This quick technical analysis looks at 3M Company’s (MMM) price momentum. With a historical volatility rate of 35.15%, the RSI 9-day stood at 51.22% on 13 May.

With respect to its five-day moving average, the current 3M Company price is down by -0.15% percent or -$0.23. At present, MMM shares trade +1.30% above its 20-day simple moving average and -13.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.67% above its SMA50 and -24.66% below its SMA200.

Stochastic coefficient K was 47.19% and Stochastic coefficient D was 49.48%, while ATR was 3.99. Given the Stochastic reading of 54.54% for the 14-day period, the RSI (14) reading has been calculated as 50.71%. As of today, the MACD Oscillator reading stands at -1.36, while the 14-day reading stands at 0.30.

Analyst Ratings

3M Company downgraded its rating on 3M Company (NYSE: MMM) to a Hold in a note to investors on April 28, 2022. The analysts firm previously had a Buy rating on the stock.3M Company (MMM) has been rated Hold by analysts. According to 5 brokerage firms, MMM is a sell, and 15 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate 3M Company stock as buy, with 1 recommending it as overweight.

With a median target price of $161.00, the current consensus forecast for the stock is $118.00 – $210.00. Based on these forecasts, analysts predict 3M Company (MMM) will achieve an average price target of $162.31.


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