A share price of 3M Co. [MMM] is currently trading at $128.60, down -0.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMM shares have gain 1.13% over the last week, with a monthly amount glided 24.55%, 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 July 30, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $145 for it. Previously, Deutsche Bank upgraded its rating to Buy on July 29, 2024, and elevated its price target to $150. On June 13, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $125 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $120 on June 07, 2024. Vertical Research upgraded its rating to a Buy but $140 remained the price target by the analyst firm on May 16, 2024. HSBC Securities upgraded its rating to Buy for this stock on May 10, 2024, but kept the price target unchanged to $115. In a note dated May 01, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $110 to $111.
3M Co. experienced fluctuations in its stock price throughout the past year between $71.35 and $129.99. Currently, Wall Street analysts expect the stock to reach $135.2 within the next 12 months. 3M Co. [NYSE: MMM] shares were valued at $128.60 at the most recent close of the market. An investor can expect a potential return of 5.13% based on the average MMM price forecast.
Analyzing the MMM fundamentals
Trailing Twelve Months sales for 3M Co. [NYSE:MMM] were 30.58B which represents -24.86% decline. 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 128.02 points at the first support level, and at 127.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.47, and for the 2nd resistance point, it is at 130.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for 3M Co. [NYSE:MMM] 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 2.31, the price to book ratio is 18.04 and price to earnings (TTM) ratio is 76.04.
Transactions by insiders
Recent insider trading involved Patolawala Monish D, Former Director, that happened on Aug 21 ’24 when 14981.0 shares were purchased. Former Officer, Patolawala Monish D completed a deal on Aug 20 ’24 to buy 10000.0 shares. Meanwhile, Chairman of the Board Roman Michael F sold 5675.0 shares on Aug 07 ’24.
