A share price of 3M Co [MMM] is currently trading at $128.47, up 0.71%. 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 1.58% over the last week, with a monthly amount drifted -5.14%, and not 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 October 22, 2024, when Melius upgraded its rating to a Buy. Previously, Morgan Stanley started tracking the stock with Underweight rating on September 06, 2024, and set its price target to $125. On July 30, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $145 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $150 on July 29, 2024. Wolfe Research upgraded its rating to a Outperform but $125 remained the price target by the analyst firm on June 13, 2024. BofA Securities upgraded its rating to Buy for this stock on June 07, 2024, and upped its price target to $120. In a note dated May 16, 2024, Vertical Research upgraded an Buy rating on this stock but restated the target price of $140.
3M Co experienced fluctuations in its stock price throughout the past year between $74.75 and $141.34. Currently, Wall Street analysts expect the stock to reach $144.73 within the next 12 months. 3M Co [NYSE: MMM] shares were valued at $128.47 at the most recent close of the market. An investor can expect a potential return of 12.66% based on the average MMM price forecast.
Analyzing the MMM fundamentals
Trailing Twelve Months sales for 3M Co [NYSE:MMM] were 28.57B which represents -24.28% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.96 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.97.
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 127.24 points at the first support level, and at 126.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.42, and for the 2nd resistance point, it is at 130.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for 3M Co [NYSE:MMM] is 1.43. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 2.45, the price to book ratio is 15.07 and price to earnings (TTM) ratio is 16.23.
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.
