3M Co. [MMM] stock is trading at $136.60, down -0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMM shares have gain 2.43% over the last week, with a monthly amount glided 3.60%, 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 September 06, 2024, when Morgan Stanley initiated its Underweight rating and assigned the stock a price target of $125. Previously, Argus upgraded its rating to Buy on July 30, 2024, and kept the price target unchanged to $145. On July 29, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $150 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $125 on June 13, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $120 on June 07, 2024. Vertical Research upgraded its rating to Buy for this stock on May 16, 2024, but kept the price target unchanged to $140. In a note dated May 10, 2024, HSBC Securities upgraded an Buy rating on this stock but restated the target price of $115.
3M Co. [MMM] stock has fluctuated between $71.35 and $137.94 over the past year. Currently, Wall Street analysts expect the stock to reach $136.07 within the next 12 months. 3M Co. [NYSE: MMM] shares were valued at $136.60 at the most recent close of the market. An investor can expect a potential drop of -0.39% 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 135.80 points at the first support level, and at 134.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.65, and for the 2nd resistance point, it is at 138.69.
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 2.45, the price to book ratio is 19.16 and price to earnings (TTM) ratio is 80.77.
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.
