3M Co. [MMM] stock prices are up 1.34% to $134.69 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MMM shares have gain 3.17% over the last week, with a monthly amount glided 6.50%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of 3M Co. [MMM] has been fluctuating between $71.35 and $133.18 over the past year. Currently, Wall Street analysts expect the stock to reach $135.2 within the next 12 months. 3M Co. [NYSE: MMM] shares were valued at $134.69 at the most recent close of the market. An investor can expect a potential return of 0.38% based on the average MMM price forecast.
Analyzing the MMM fundamentals
The 3M Co. [NYSE:MMM] reported sales of 30.58B for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.38.
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 133.20 points at the first support level, and at 131.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.58, and for the 2nd resistance point, it is at 136.48.
Ratios To Look Out For
It’s worth pointing out that 3M Co. [NYSE:MMM]’s Current Ratio is 1.36. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.7. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 18.89 and price to earnings (TTM) ratio is 79.64.
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.
