Over the past three months, 3M Company [MMM] ended the trading day at $170.32 and exhibited a change of 0.73% with a 24 hour trading and reached upto the volume of 2.49M compared to its recorded trading volume of 0.92 million. MMM generated a 1 year amount change with 4.25%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 0.82% with an amount shift of -0.25% over the last month.

On 15, October 2020, 3M Announces Upcoming Investor Event. According to news published on Yahoo Finance, 3M (NYSE: MMM) today announced the following investor event:.

Analyst Birdseye View:

The most recent analyst activity for 3M Company [NYSE:MMM] stock was on March 30, 2020, when it was Downgrade with an Underperform rating from Gordon Haskett. Before that, on October 07, 2020, Gordon Haskett Recapitulated a Hold rating and elevated its amount target to $170. On January 09, 2020, Wolfe Research Upgrade a Peer perform rating. On December 23, 2019, JP Morgan Upgrade a Neutral rating and increased its price target from $143 to $150. On December 12, 2019, UBS Downgrade a Sell rating and decreased its price target to $160. On December 09, 2019, Citigroup Downgrade a Neutral rating and boosted its amount on this stock to $180. On October 03, 2019, Barclays Reiterated an Underweight rating and decreased its target amount on this stock from $162 to $158. On July 12, 2019, UBS Reiterated a Neutral rating and amplified its amount target to $182.

In the past 52 weeks of trading, this stock has oscillated between a low of $114.04 and a peak of $182.54. Right now, according to Wall Street analyst the average 12-month amount target is $177.44. At the most recent market close, shares of 3M Company [NYSE:MMM] were valued at $170.32. According to the average price forecast, investors can expect a potential return of 3.81%.

FUNDAMENTAL ANALYSIS

3M Company [NYSE:MMM] most recently reported quarterly sales of 7.18 billion, which represented growth of -12.20%. This publicly-traded organization’s revenue is $334,183 per employee, while its income is $47,523 per employee. This company’s Gross Margin is currently 47.90%, its Operating Margin is 21.50%, its Pretax Margin is +17.77, and its Net Margin is +14.22. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.26, 46.02, 24.92 and 17.72 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 67.91 and the whole liability to whole assets at 47.69. It shows enduring liability to the whole principal at 58.15 and enduring liability to assets at 0.41 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 166.69 points at 1st support level, the second support level is making up to 164.31. But as of 1st resistance point, this stock is sitting at 170.57 and at 172.07 for 2nd resistance point.

3M Company [MMM] reported its earnings at $1.78 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.8/share signifying the difference of -0.02 and -1.10% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $2.16 calling estimates for $2.03/share with the difference of 0.13 depicting the surprise of 6.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for 3M Company [NYSE:MMM] is 1.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.32. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.21, it’s amount to book ratio is 10.08 and showing 19.17 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Banovetz John Patrick, Senior Vice President, and it was the sale of 2228.0 shares on Aug 19. Vale Michael G., the Executive Vice President, completed a sale of 14062.0 shares on May 08. On May 06, Hammes Eric D., Executive Vice President, completed a sale of 1026.0 shares.