3M Co. [MMM] stock is trading at $105.00, up 1.82%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MMM shares have gain 11.82% over the last week, with a monthly amount glided 13.61%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, 3M Announces New Leadership Appointments. In a post published today on Yahoo Finance, William Brown appointed 3M Chief Executive Officer, Michael Roman appointed 3M Executive Chairman effective May 1, 2024.
From an analyst’s perspective:
3M Co. [NYSE: MMM] stock has seen the most recent analyst activity on December 04, 2023, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $107 from $98. Previously, HSBC Securities started tracking the stock with Hold rating on September 15, 2023, and set its price target to $109. On August 31, 2023, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $113 on the stock. Wolfe Research upgraded its rating to a Peer Perform. BofA Securities upgraded its rating to a Neutral but $110 remained the price target by the analyst firm on July 11, 2023. UBS upgraded its rating to Neutral for this stock on September 09, 2022, but kept the price target unchanged to $126.
3M Co. [MMM] stock has fluctuated between $85.35 and $113.14 over the past year. Currently, Wall Street analysts expect the stock to reach $147.29 within the next 12 months. 3M Co. [NYSE: MMM] shares were valued at $105.00 at the most recent close of the market. An investor can expect a potential return of 40.28% based on the average MMM price forecast.
Analyzing the MMM fundamentals
3M Co. [NYSE:MMM] reported sales of 32.68B for the trailing twelve months, which represents a drop of -0.82%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.85 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.34 points at the first support level, and at 101.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.10, and for the 2nd resistance point, it is at 107.20.
3M Co. [MMM] reported earnings per share of $2.42 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.31/share, meaning a difference of $0.11 and a surprise factor of 4.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.44 per share as compared to estimates of $2.14 per share, a difference of $0.3 representing a surprise of 14.00%.
Ratios To Look Out For
For context, 3M Co.’s Current Ratio is 1.07. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 12.07.
Transactions by insiders
Recent insider trading involved Chavez Rodriguez Beatriz Karin, Group President, that happened on Feb 14 ’24 when 426.0 shares were sold. Group President, Ashish Khandpur K completed a deal on May 18 ’23 to sell 9432.0 shares. Meanwhile, EVP & Chief Count Gov Svc Off Hammes Eric D. sold 6487.0 shares on Apr 28 ’23.
