3M Co. [NYSE: MMM] traded at a low on Thursday, posting a -1.15 loss after which it closed the day’ session at $133.46.
The results of the trading session contributed to over 3059785 shares changing hands. Over the past one week, the price volatility of 3M Co. stands at 1.19% while the volatility over the past one month is 1.49%.
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The market cap for MMM stock reached $73.32 billion, with 552.58 million shares outstanding and 548.85 million shares in the current float. Compared to the average trading volume of 4.16M shares, MMM reached a trading volume of 3059785 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 3M Co. [MMM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMM shares is $139.20 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 2.50. 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.
Morgan Stanley have made an estimate for 3M Co. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 06, 2024. The new note on the price target was released on July 30, 2024, representing the official price target for 3M Co. stock. Previously, the target price had yet another raise from $110 to $150, while Deutsche Bank kept a Buy rating on MMM stock.
The Average True Range (ATR) for 3M Co. is set at 2.18, with the Price to Sales ratio for MMM stock in the period of the last 12 months amounting to 2.40. The Price to Book ratio for the last quarter was 18.72, with the Price to Cash per share for the same quarter was set at 18.82. Price to Free Cash Flow for MMM in the course of the last twelve months was 17.14 with Quick ratio for the last quarter at 1.08.
How has MMM stock performed recently?
3M Co. [MMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.98. With this latest performance, MMM shares gained by 2.48% in over the last four-week period, additionally plugging by 43.23% over the last 6 months – not to mention a rise of 76.11% 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 49.61, with the RSI for the last a single of trading hit 41.28, and the three-weeks RSI is set at 54.82 for 3M Co. [MMM]. The present Moving Average for the last 50 days of trading for this stock 131.17, while it was recorded at 134.66 for the last single week of trading, and 102.30 for the last 200 days.
3M Co. [MMM]: Deeper insight into the fundamentals
3M Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.36.
Earnings analysis for 3M Co. [MMM]
With the latest financial reports released by the company, 3M Co. posted 2.44/share EPS, while the average EPS was predicted by analysts to be reported at 2.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.3. 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 Co. go to -4.30%.
Insider trade positions for 3M Co. [MMM]
There are presently around $66.62%, or 66.69%% of MMM stock, in the hands of institutional investors. The top three institutional holders of MMM stocks are: VANGUARD GROUP INC with ownership of 49.9 million shares, which is approximately 8.9909%. BLACKROCK INC., holding 38.36 million shares of the stock with an approximate value of $$3.92 billion in MMM stocks shares; and BLACKROCK INC., currently with $$2.75 billion in MMM stock with ownership which is approximately 4.8454%.
