3M Company (NYSE:MMM) went down by -0.09% from its latest closing price compared to the recent 1-year high of $182.54. The company’s stock price has collected -5.47% of loss in the last five trading sessions. MarketWatch.com reported on 09/25/20 that 3M Co. stock falls Friday, underperforms market
Is It Worth Investing in 3M Company (NYSE :MMM) Right Now?
3M Company (NYSE:MMM) scored a price-to-earnings ratio above its average ratio, recording 18.17 x from its present earnings ratio. Plus, the 36-month beta value for MMM is at 0.94. Opinions of the stock are interesting as 3 analysts out of 19 who provided ratings for 3M Company declared the stock was a “buy,” while 0 rated the stock as “overweight,” 13 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $173.44, which is $6.66 above the current price. MMM currently public float of 574.96M and currently shorts hold a 0.96% ratio of that float. Today, the average trading volume of MMM was 2.58M shares.
MMM’s Market Performance
MMM stocks went down by -5.47% for the week, with a monthly drop of -2.21% and a quarterly performance of 5.08%, while its annual performance rate touched -2.17%. The volatility ratio for the week stands at 2.69% while the volatility levels for the past 30 days are set at 2.43% for 3M Company. The simple moving average for the period of the last 20 days is -3.09% for MMM stocks with a simple moving average of 1.77% for the last 200 days.
Analysts’ Opinion of MMM
JP Morgan gave a rating of “Neutral” to MMM, setting the target price at $150 in the report published on December 23rd of the previous year.
MMM Trading at -1.04% from the 50-Day Moving Average
After a stumble in the market that brought MMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.20% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.14% lower at present.
During the last 5 trading sessions, MMM fell by -5.47%, which changed the moving average for the period of 200-days by -4.41% in comparison to the 20-day moving average, which settled at $165.18. In addition, 3M Company saw -9.15% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MMM starting from Banovetz John Patrick, who sale 2,228 shares at the price of $164.81 back on Aug 19. After this action, Banovetz John Patrick now owns 8,278 shares of 3M Company, valued at $367,187 using the latest closing price.
Vale Michael G., the Executive Vice President of 3M Company, sale 14,062 shares at $148.34 during a trade that took place back on May 08, which means that Vale Michael G. is holding 46,900 shares at $2,085,988 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- +21.70 for the present operating margin
- +47.63 for the gross margin
The net margin for 3M Company stands at +14.22. The total capital return value is set at 24.92, while invested capital returns managed to touch 17.72. Equity return is now at value 49.20, with 11.50 for asset returns.
Based on 3M Company (MMM), the company’s capital structure generated 211.66 points at debt to equity in total, while total debt to capital is 67.91. Total debt to assets is 47.69, with long-term debt to equity ratio resting at 181.22. Finally, the long-term debt to capital ratio is 58.15.
Currently, EBITDA for the company is 1.92B with total debt to EBITDA at 2.39. When we switch over and look at the enterprise to sales, we see a ratio of 3.79, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 6.55 and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.