3M Co [NYSE: MMM] gained 0.62% or 0.97 points to close at $157.56 with a heavy trading volume of 3194325 shares.
It opened the trading session at $157.62, the shares rose to $157.68 and dropped to $154.85, the range by which the price of stock traded the whole day. The daily chart for MMM points out that the company has recorded 17.06% gains over the past six months.
If we look at the average trading volume of 3.21M shares, MMM reached to a volume of 3194325 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $162.60 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 2.20. 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 19.00, with the Price to Cash per share for the same quarter was set at 13.05.
Trading performance analysis for MMM stock
3M Co [MMM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.01. With this latest performance, MMM shares gained by 10.71% in over the last four-week period, additionally plugging by 17.06% over the last 6 months – not to mention a rise of 22.05% 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 63.79, with the RSI for the last a single of trading hit 3.03, and the three-weeks RSI is set at 3.19 for 3M Co [MMM]. The present Moving Average for the last 50 days of trading for this stock 148.83, while it was recorded at 157.04 for the last single week of trading, and 140.96 for the last 200 days.
3M Co [MMM]: A deeper dive into fundamental analysis
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%. When it comes to the capital structure of this company, 3M Co [MMM] has a Total Debt to Total Equity ratio set at 3.15.
Reflecting on the efficiency of the workforce at the company, 3M Co [MMM] managed to generate an average of $70894.31 per employee.3M Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.66.
3M Co [MMM]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at 3M Co [MMM]
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%.
