3M Co [NYSE: MMM] stock went on an upward path that rose over 0.86% on Thursday, amounting to a one-week price increase of more than 2.18%.
Over the last 12 months, MMM stock rose by 21.87%. The one-year 3M Co stock forecast points to a potential upside of 2.49. The average equity rating for MMM stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $84.67 billion, with 538.18 million shares outstanding and 537.63 million shares in the current float. Compared to the average trading volume of 3.24M shares, MMM stock reached a trading volume of 4043232 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $161.33 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 2.20. 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 Price to Book ratio for the last quarter was 18.97, with the Price to Cash per share for the same quarter was set at 13.05.
MMM Stock Performance Analysis:
3M Co [MMM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.18. With this latest performance, MMM shares gained by 9.08% in over the last four-week period, additionally plugging by 20.75% over the last 6 months – not to mention a rise of 21.87% in the past year of trading.
Insight into 3M Co Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and 3M Co [MMM] shares currently have an operating margin of 20.08% and a Gross Margin at 40.82%. 3M Co’s Net Margin is presently recorded at 17.79%.
Return on Equity for this stock inclined to 9.29%, with Return on Assets sitting at 9.29%.
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 7.96%.
3M Co [MMM] Institutonal Ownership Details
There are presently around $73.88%, or 73.97% 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%.
