3M Co [MMM] stock is trading at $125.53, down -1.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MMM shares have lost -3.27% over the last week, with a monthly amount drifted -3.56%, 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 November 13, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $184 for it. Previously, Melius upgraded its rating to Buy on October 22, 2024. On September 06, 2024, Morgan Stanley initiated with a Underweight rating and assigned a price target of $125 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $145 on July 30, 2024. Deutsche Bank upgraded its rating to a Buy and raised its price target to $150 on July 29, 2024. Wolfe Research upgraded its rating to Outperform for this stock on June 13, 2024, but kept the price target unchanged to $125. In a note dated June 07, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $105 to $120.
3M Co [MMM] stock has fluctuated between $75.65 and $141.34 over the past year. Currently, Wall Street analysts expect the stock to reach $143.67 within the next 12 months. 3M Co [NYSE: MMM] shares were valued at $125.53 at the most recent close of the market. An investor can expect a potential return of 14.45% based on the average MMM price forecast.
Analyzing the MMM fundamentals
3M Co [NYSE:MMM] reported sales of 28.57B for the trailing twelve months, which represents a drop of -24.28%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.84.
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 124.14 points at the first support level, and at 122.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.14, and for the 2nd resistance point, it is at 130.76.
Ratios To Look Out For
For context, 3M Co’s Current Ratio is 1.43. As well, the Quick Ratio is 1.08, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 14.73 and price to earnings (TTM) ratio is 15.86.
Transactions by insiders
Recent insider trading involved Reinseth Theresa E, Sr Vice President & CAO, that happened on Nov 20 ’24 when 1033.0 shares were sold. Officer, Theresa E. Reinseth completed a deal on Nov 20 ’24 to buy 1033.0 shares. Meanwhile, Former Director Patolawala Monish D bought 14981.0 shares on Aug 21 ’24.
