3M Co [NYSE: MMM] price plunged by -3.16 percent to reach at -$4.12.
The one-year MMM stock forecast points to a potential upside of 17.37. The average equity rating for MMM stock is currently 2.25, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $152.60 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 2.25. 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.
Wells Fargo have made an estimate for 3M Co shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 22, 2025. The new note on the price target was released on November 13, 2024, representing the official price target for 3M Co stock.
The Average True Range (ATR) for 3M Co is set at 5.71, with the Price to Sales ratio for MMM stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 17.70, with the Price to Cash per share for the same quarter was set at 14.33. Price to Free Cash Flow for MMM in the course of the last twelve months was 106.59 with Quick ratio for the last quarter at 1.08.
MMM Stock Performance Analysis:
3M Co [MMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.25. With this latest performance, MMM shares dropped by -16.65% in over the last four-week period, additionally sinking by -7.52% over the last 6 months – not to mention a rise of 38.62% 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 34.04, with the RSI for the last a single of trading hit 30.82, and the three-weeks RSI is set at 36.65 for 3M Co [MMM]. The present Moving Average for the last 50 days of trading for this stock 145.15, while it was recorded at 131.61 for the last single week of trading, and 133.63 for the last 200 days.
Insight into 3M Co Fundamentals:
3M Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.41.
MMM Stock EPS
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 7.80%.
3M Co [MMM] Institutonal Ownership Details
There are presently around $70.07%, or 70.16%% 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 9.0104%. 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 4.8559%.
