How Analysts Feel About 3M Company (MMM)?


As of Friday close, 3M Company’s (NYSE:MMM) stock was down -$1.19, moving down -1.14 percent to $103.02. The average number of shares traded per day over the past five days has been 5,780,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.04 fall in that time frame. In the last twenty days, the average volume was 4,167,500, while in the previous 50 days, it was 3,773,000.

Since last month, MMM stock retreated -10.25%. Shares of the company fell to $100.27 on 03/15/23, the lowest level in the past month. A 52-week high of $154.66 was reached on 01/17/23 after having rallying from a 52-week low of $100.27. Since the beginning of this year, MMM’s stock price has dropped by -14.09% or -$16.90, and marked a new high 6 times. However, the stock has declined by -33.39% since its 52-week high.

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MMM stock investors should be aware that 3M Company (MMM) stock had its last reported insider trading activity 141 days ago on Oct 28. Rhodes Kevin H, the EVP & Chief Legal Officer of the company, disposed of 5,703 shares for $126.40 on Oct 28. It resulted in a $720,842 divestment by the insider. Chavez Rodriguez Beatriz Karin sold 1,071 shares at an average price of $126.28 on Oct 28. The insider now owns 3,313 shares following the transaction. On Aug 17, EVP & Chief Count Gov Svc Off Hammes Eric D. sold 3,145 shares at $147.31 apiece. The transaction was valued at $463,294.

Valuation Metrics

Right now, 3M Company (MMM) has a P/E ratio of about 10.15. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 1.68, the price-to-book (PB) ratio of 3.86, and the price-to-cash flow ratio of 121.58 may also be considered.

The latest dividend of $1.50 per share was paid out, which is 0.67% more than last year’s $1.49. On Tuesday February 7 2023, a $0.01 dividend increase was announced.

Financial Health

In the three months ended December 30, 3M Company’s quick ratio stood at 1.00, while its current ratio was 1.50, 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 December 30 was 0.95, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is 43.80% percent. In the year ended December 30, operating margins totaled 19.10%. Based on annual data, MMM earned $15.0 billion in gross profit and brought in $34.23 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 19.30%. Return on equity (ROE) for the past 12 months was 40.20%.

In 3M Company’s quarter-end financial report for December 30, it reported total debt of $14.0 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MMM’s revenue fell -6.6% to $8.62 billion during the quarter, while net income inched up to $8.08 billion. While analysts expected 3M Company to report $2.36 quarterly earnings, the actual figure was $2.28 per share, beating the consensus estimate by -3.40%. During the quarter, the company generated $1.09 billion in EBITDA. The liabilities of 3M Company were 31.68 billion at the end of its most recent quarter ended December 30, and its total debt was $16.2 billion. The value of shareholders’ equity is $550.5 million.

Technical Picture

This quick technical analysis looks at 3M Company’s (MMM) price momentum. With a historical volatility rate of 16.10%, the RSI 9-day stood at 30.28% on 17 March.

With respect to its five-day moving average, the current 3M Company price is down by -1.00% percent or -$1.04. At present, MMM shares trade -8.02% below its 20-day simple moving average and -11.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.68% below its SMA50 and -30.99% below its SMA200.

Stochastic coefficient K was 25.43% and Stochastic coefficient D was 20.48%, while ATR was 2.72. Given the Stochastic reading of 22.80% for the 14-day period, the RSI (14) reading has been calculated as 32.60%. As of today, the MACD Oscillator reading stands at -1.12, while the 14-day reading stands at -3.03.

Analyst Ratings

UBS upgraded its rating on 3M Company (NYSE: MMM) to a Neutral in a note to investors on September 09, 2022. The analysts firm previously had a Sell rating on the stock.3M Company (MMM) has been rated Hold by analysts. According to 4 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 0 recommending it as overweight.

With a median target price of $118.00, the current consensus forecast for the stock is $102.00 – $158.00. Based on these forecasts, analysts predict 3M Company (MMM) will achieve an average price target of $117.81.


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