3M Co [NYSE: MMM] plunged by -$2.06 during the normal trading session on Thursday and reaching a high of $154.3 during the day while it closed the day at $151.41.
3M Co stock has also loss -0.96% of its value over the past 7 days. However, MMM stock has declined by -1.19% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.06% and gained 11.53% year-on date.
The market cap for MMM stock reached $80.65 billion, with 532.63 million shares outstanding and 532.11 million shares in the current float. Compared to the average trading volume of 3.19M shares, MMM reached a trading volume of 4279217 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 Co [MMM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMM shares is $167.75 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 2.15. 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 18.80, with the Price to Cash per share for the same quarter was set at 7.91.
MMM stock trade performance evaluation
3M Co [MMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.96. With this latest performance, MMM shares dropped by -2.42% in over the last four-week period, additionally plugging by 16.06% over the last 6 months – not to mention a rise of 17.29% 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 43.92, with the RSI for the last a single of trading hit 3.68, and the three-weeks RSI is set at 3.49 for 3M Co [MMM]. The present Moving Average for the last 50 days of trading for this stock 155.01, while it was recorded at 151.45 for the last single week of trading, and 148.27 for the last 200 days.
3M Co [MMM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and 3M Co [MMM] shares currently have an operating margin of 19.29% and a Gross Margin at 40.65%. 3M Co’s Net Margin is presently recorded at 16.01%.
3M Co (MMM) Capital Structure & Debt Analysis
According to recent financial data for 3M Co. ( MMM), the Return on Equity (ROE) stands at 96.00%, highlighting impressive shareholder gains. The Return on Assets (ROA) is 9.68%, reflecting the company’s efficiency in generating profits from its assets. Additionally, 3M Co’s Return on Invested Capital (ROIC) is 22.95%, showcasing its effectiveness in deploying capital for earnings.
3M Co (MMM) Efficiency & Liquidity Metrics
Based on 3M Co’s (MMM) latest financial statements, the Debt-to-Equity Ratio is 3.20%, indicating its reliance on debt financing relative to shareholder equity.
3M Co (MMM) Efficiency & Liquidity Metrics
From an operational efficiency perspective, 3M Co. (MMM) effectively leverages its workforce, generating an average of $64065.04 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.72% and a Quick Ratio of 1.20%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for 3M Co [MMM] stock
With the latest financial reports released by the company, 3M Co posted 1.98/share EPS, while the average EPS was predicted by analysts to be reported at 1.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 8.73%.
3M Co [MMM]: Institutional Ownership
There are presently around $75.34%, or 75.42%% 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%.
