3M Co. [MMM] stock is trading at $127.16, up 22.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMM shares have gain 22.36% over the last week, with a monthly amount glided 25.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
3M Co. [NYSE: MMM] stock has seen the most recent analyst activity on June 13, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $125 for it. Previously, BofA Securities upgraded its rating to Buy on June 07, 2024, and elevated its price target to $120. On May 16, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $140 on the stock. HSBC Securities upgraded its rating to a Buy but stick to its price target of $115 on May 10, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $111 on May 01, 2024. RBC Capital Mkts reiterated a Underperform rating for this stock on March 20, 2024. In a note dated March 19, 2024, Barclays upgraded an Overweight rating on this stock and boosted its target price from $111 to $126.
3M Co. [MMM] stock has fluctuated between $71.35 and $106.04 over the past year. Currently, Wall Street analysts expect the stock to reach $136.8 within the next 12 months. 3M Co. [NYSE: MMM] shares were valued at $127.16 at the most recent close of the market. An investor can expect a potential return of 7.58% based on the average MMM price forecast.
Analyzing the MMM fundamentals
3M Co. [NYSE:MMM] reported sales of 30.58B for the trailing twelve months, which represents a drop of -24.86%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.21 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.38.
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 117.22 points at the first support level, and at 107.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.56, and for the 2nd resistance point, it is at 137.96.
Ratios To Look Out For
For context, 3M Co.’s Current Ratio is 1.36. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 17.84 and price to earnings (TTM) ratio is 75.19.
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.
