3M Company [MMM] is -27.77% lower this YTD. Is it still time to buy?


3M Company [NYSE: MMM] plunged by -$0.06 during the normal trading session on Thursday and reaching a high of $128.54 during the day while it closed the day at $128.31. The company report on July 13, 2022 that 3M Helps Keep Como Park Zoo Penguins Healthy.

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Northampton, MA –News Direct– 3M.

Como Park Zoo features a fan-favorite penguin exhibit with nine African Penguins. Zoo goers delight in seeing the penguins launch into the water and waddle around their enclosure in Saint Paul, Minnesota.

3M Company stock has also loss -1.34% of its value over the past 7 days. However, MMM stock has declined by -13.64% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.31% and lost -27.77% year-on date.

The market cap for MMM stock reached $73.77 billion, with 572.30 million shares outstanding and 568.58 million shares in the current float. Compared to the average trading volume of 2.98M shares, MMM reached a trading volume of 2522975 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 3M Company [MMM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMM shares is $151.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MMM stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for 3M Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 28, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $136 to $138. The new note on the price target was released on April 27, 2022, representing the official price target for 3M Company stock. Previously, the target price had yet another drop from $167 to $164, while Deutsche Bank kept a Hold rating on MMM stock. On April 27, 2022, analysts decreased their price target for MMM shares from 173 to 161.

The Average True Range (ATR) for 3M Company is set at 2.94, with the Price to Sales ratio for MMM stock in the period of the last 12 months amounting to 2.09. The Price to Book ratio for the last quarter was 4.92, with the Price to Cash per share for the same quarter was set at 5.84. Price to Free Cash Flow for MMM in the course of the last twelve months was 44.82 with Quick ratio for the last quarter at 1.00.

MMM stock trade performance evaluation

3M Company [MMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.34. With this latest performance, MMM shares dropped by -5.91% in over the last four-week period, additionally sinking by -28.31% over the last 6 months – not to mention a drop of -36.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MMM stock in for the last two-week period is set at 34.19, with the RSI for the last a single of trading hit 34.38, and the three-weeks RSI is set at 35.36 for 3M Company [MMM]. The present Moving Average for the last 50 days of trading for this stock 140.19, while it was recorded at 128.92 for the last single week of trading, and 159.62 for the last 200 days.

3M Company [MMM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and 3M Company [MMM] shares currently have an operating margin of +21.29 and a Gross Margin at +46.99. 3M Company’s Net Margin is presently recorded at +16.75.

Return on Equity for this stock inclined to 42.42, with Return on Assets sitting at 12.54.

3M Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for 3M Company [MMM] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MMM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for 3M Company go to 5.72%.

3M Company [MMM]: Insider Ownership positions

There are presently around $48,544 million, or 67.70% of MMM stock, in the hands of institutional investors. The top three institutional holders of MMM stocks are: VANGUARD GROUP INC with ownership of 47,299,775, which is approximately -5.854% of the company’s market cap and around 0.09% of the total institutional ownership; BLACKROCK INC., holding 42,996,030 shares of the stock with an approximate value of $5.52 billion in MMM stocks shares; and STATE STREET CORP, currently with $4.18 billion in MMM stock with ownership of nearly 5.199% of the company’s market capitalization.

Positions in 3M Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,030 institutional holders increased their position in 3M Company [NYSE:MMM] by around 21,537,384 shares. Additionally, 1,133 investors decreased positions by around 26,389,388 shares, while 292 investors held positions by with 330,407,296 shares. The mentioned changes placed institutional holdings at 378,334,068 shares, according to the latest SEC report filing. MMM stock had 141 new institutional investments in for a total of 2,196,897 shares, while 199 institutional investors sold positions of 3,445,072 shares during the same period.